Euro Witnessed Slight Recovery vs the Dollar Ahead of the Fed’s Meeting

At 11:30 Beirut time, the Euro was quoted at $/€ 1.1077, the equivalent of €/LBP 1,669.96, appreciating against the US Dollar by 0.27% from Tuesday’s close.

The euro recovered vs the “greenback” today,  mainly on the back of investors being apprehensive regarding the upcoming Federal Reserve meeting at 20:00 Beirut time.

Locally, the Lebanese Pound steadied versus Dollar at LP/$ 1,5010-1,514 with a mid-price of LP/$ 1,512.

Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese pound relatively steadied as reflected by the NEER, published by BLOMINVEST, which ticked down by 0.05% to 167.19 today.

Foreign Exchange MarketLast PricePreviousChangeY-t-D
$/LBP1,512.001,512.00 – 


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