At 12:25 Beirut time, the Euro was quoted at €/$ 1.1257, the equivalent of €/LBP 1,696.99, depreciating by 0.08% against the US Dollar.
The dollar remained strong against the euro after a string of positive US economic data was released. Recent jobless claims were at the lowest level in four decades and inflation slowed in March which reduces the urgency for the Federal Reserve to increase interest rates to fend off inflation.
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 0.01% uptick to 166.66 points today.
Date: 14 April 2016
