Dollar Improved vs the Euro Today

At 12:30 Beirut time, the Euro was quoted at €/$ 1.0868, the equivalent of €/LBP 1,637.90, depreciating against the US Dollar by 0.15% from Thursday’s close.

The Dollar progressed vs the Euro today as non-farm private employment rose more than expected in October, enhancing the optimism over the health of the U.S. economy and in turn supporting a U.S. interest rate hike this year.

Locally, the Lebanese Pound steadied versus the Dollar at $/LP 1,510-1,514 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 improved as reflected by the NEER, published by BLOMINVEST, which ticked up by 0.10% to 168.20

Foreign Exchange MarketLast PricePrevious% ChangeY-t-D
$/LBP1,512.001,512.00 – 
€/LBP1,637.901,640.31-0.15% 
£/LBP2,282.662,292.15-0.41% 
 NEER168.20168.040.10%14.17%

 

 

 

 

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