Some Positive Signs Regarding the Euro Today

The Euro was back on the rebound today as it gained 1.22% versus the Dollar. Some positivity and a rather calm end of last week have put the common currency back on the upbeat, although capital controls are still in place. However some improving tourism numbers and a planned Greek market reopening seem encouraging enough for Euro bulls.

Locally, the Lebanese Pound steadied versus the Dollar, at to LP/$ 1,503-1,507 with a mid-price of LP/$ 1,505.

Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese pound decreased as reflected by the NEER, published by BLOMINVEST, which declined by 0.15% to 165.71 today.

Foreign Exchange MarketLast PricePrevious% Change Y-t-D
€/LBP1,669.25 1,649.211.22%
£/LBP2,340.85 2,331.800.39%
NEER**** 165.71165.97-0.15%12.48%

Leave a Reply

Your email address will not be published. Required fields are marked *