Euro Improved Vs the Dollar Today

At 17:00 Beirut time, the Euro was quoted at €/$ 1.0976, the equivalent of €/LBP 1,654.63, appreciating against the US Dollar by 0.55%.

The Euro recovered today some of its previous losses against the Dollar mainly after the Fed’s decision to raise interest rates by 25 bps.

Locally, the Lebanese Pound steadied versus the Dollar at a quote of $/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 increased as reflected by the NEER, published by BLOMINVEST, which gained 0.18% to 175.87 points today.

Leave a Reply

Your email address will not be published.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