Dollar Fell Versus the Euro Today for the First Time in Five Sessions

At 12:30 Beirut time, the Euro was quoted at €/$ 1.0594, the equivalent of €/LBP 1,597.05, appreciating against the US Dollar by 0.29%.

The US dollar fell for the first time in 5 sessions against the Euro, as investors speculate that the Federal Reserve will start tightening monetary policy starting 2016.

Locally, the Lebanese Pound steadied versus the Dollar steadied at a quote of $/LP 1,510.5-1,514.5 with a mid-price of $/LP 1,512.5.

Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese Pound decreased as reflected by the NEER, published by BLOMINVEST, which lost 0.05% to 169.39 points today.

 Last PricePrevious% ChangeY-t-D
$/LBP1,512.501,512.50 
€/LBP1,597.051,592.370.29% 
£/LBP2,274.672,269.390.23% 
NEER169.39169.48-0.05%14.97%

Leave a Reply

Your email address will not be published. Required fields are marked *