Euro Down a Notch Despite Positive News From Germany

The Euro dropped by 0.51% versus the Dollar mainly on the back of good core durable goods figures from the US and despite of  an improved German IFO (a business climax index) . In the upcoming days the Euro will be subjected to Greek developments and the US Consumer Confidence report. 

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 increased as reflected by the NEER, published by BLOMINVEST, which went up by 0.07% to 165.82 today.

Foreign Exchange MarketLast PricePrevious% Change Y-t-D
$/LBP    1,505.00    1,505.00
€/LBP    1,663.38    1,671.97-0.51%
£/LBP    2,350.64    2,345.070.24%
NEER****       165.82       165.710.07%12.56%

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