At 11:20 Beirut time, the Euro was quoted at €/$ 1.1331, the equivalent of €/LBP 1,708.15, appreciating by 0.08% against the US Dollar. The dollar went down against the dollar following the release of the New York Empire Manufacturing Index, showing that business activity declined sharply in May. Today, it is expected that inflation data in the U.S would give a boost to the greenback.
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 166.60 points today.
Date: 17 May 2016