Euro Appreciated vs the Dollar for the Second Session running

At 16:35 Beirut time, the Euro was quoted at €/$ 1.0954, the equivalent of €/LBP 1,657.95, appreciating against the US Dollar by 0.07%.

The Euro progressed vs the Dollar during the last two sessions mainly due to the uncertainties concerning tomorrow’s Fed rate hike decision.

Locally, the Lebanese Pound steadied versus the Dollar 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 increased as reflected by the NEER, published by BLOMINVEST, which gained by 0.71% to 171.45 points today.

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