At 12:15 Beirut time, the Euro was quoted at €/$ 1.1366, the equivalent of €/LBP 1,713.42, appreciating by 0.26% against the US Dollar. The dollar fell against the euro today as traders believe the U.S currency is over-valued in the current market especially that the outlook has turned negative after Yellen’s dovish statement on further interest rate hike.
Locally, the Dollar remained unchanged against the Lebanese Pound at the quote of $/LP 1,513.75-1,514.25 with a mid-price of $/LP 1,514.
Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese Pound appreciated as reflected by the NEER, published by BLOMINVEST, which registered a 0.03% uptick to 166.53 points today.
Date: 31 March 2016