Euro Down on Friday after Sluggish GDP Figures from the Eurozone

At 12:39 Beirut time, the Euro was quoted at €/$ 1.1284, the equivalent of €/LBP 1,701.06, depreciating by 0.33% against the US Dollar.

The euro was down today after this morning’s disappointing Q4 2015 GDP figures from the Eurozone which showed a subdued growth of 0.3% for the second quarter in a row.

Locally, the Lebanese Pound steadied against the Dollar standing at $/LP 1,513-1,514 with a mid-price of $/LP 1,513.50.

Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese Pound appreciated as reflected by the NEER, published by BLOMINVEST, which registered a 0.03% uptick to 167.55 points today.

Date: 12 February 2016







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