At 12:00 Beirut time, the Euro was quoted at €/$ 1.1386, the equivalent of €/LBP 1,716.44, depreciating by 0.11% against the US Dollar. The euro went down against the dollar today as investors were disappointed following the release of the Itatlian Industrial Production data. As a matter of fact, the industrial output in Eurozone’s third largest economy decreased by 0.6% in February.
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 0.03% downtick to 166.23 points today.