The Dollar Gained Momentum on Thursday

At 15:00 Beirut time, the Euro was quoted at €/$ 1.1155, the equivalent of €/LBP 1,681.62, depreciating by 0.24% against the US Dollar. The dollar went up against the European currency as a possible interest rate hike in the U.S is still having its positive effect on the market.

Locally, the Dollar remained unchanged against the Lebanese Pound at the quote of $/LP 1,513.75-1,514.25 with a mid-price of $/LP 1,514.

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 0.10% uptick to 167.53 points today.

The Dollar Gained Momentum on Thursday








Date: 24 March 2016

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