The Euro Weakened on Account of Poor German Data

At 15:00 Beirut time, the Euro was quoted at €/$ 1.1362, the equivalent of €/LBP 1,712.82, depreciating by 0.17% against the US Dollar. The euro fell against the dollar today after the release of German Factory Orders figures. Compared to the month of January, the German orders fell by 1.2% during the second month of the year, mainly due to the slow growth of global trade.

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 depreciated as reflected by the NEER, published by BLOMINVEST, which registered a 0.02% downtick to 166.19 points today.

The Euro Weakened on Account of Poor German Data

Date: 5 April 2016
 

 

 

 

 

 

 

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