Dollar Losses Contained Despite Poor U.S Data on Friday

At 16:00 Beirut time, the Euro was quoted at €/$ 1.0894, the equivalent of €/LBP 1,642.27, depreciating by 0.18% against the US Dollar.

The figures of weak retail sales and inflation in the U.S on Friday failed to negatively impact the Dollar.

Locally, the Lebanese Pound steadied versus the Dollar at $/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 improved as reflected by the NEER, published by BLOMINVEST, which ticked up by 0.52% to 170.17 points today.

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