Euro Weakened Against the Dollar Today

At 11:30 Beirut time, the Euro was quoted at $/€ 1.1192, the equivalent of €/LBP 1,687.19, depreciating against the US Dollar by 0.11% from Wednesday’s close.

Upcoming U.S. weekly unemployment figures today will possibly affect the Euro-Dollar exchange rate.

Locally, the Lebanese Pound appreciated versus the Dollar from LP/$ 1,509-1,513 with a mid-price of LP/$ 1,511 to LP/$ 1,508-1,512 with a mid-price of LP/$ 1,510.

Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese pound increased as reflected by the NEER, published by BLOMINVEST, which up ticked by 0.10% to 167.31 today.

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