Euro UpTicked Despite Negative Euro Zone Data

The Euro barely changed versus the Dollar today, as it up ticked by 0.08% to 1.0940 at 11:30 Beirut time, despite the Euro Zone date being negative yesterday,  and the positive GDP from the US. 

Locally, the Lebanese Pound steadied appreciated versus the Dollar from LP/$ 1,504-1,508 with a mid-price of LP/$ 1,506 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 went down by 0.21% to 165.30 today.

Foreign Exchange MarketLast PricePrevious% Change Y-t-D
$/LBP    1,505.00    1,506.00
€/LBP    1,649.21    1,647.850.08%
£/LBP    2,347.33    2,351.55-0.18%
NEER****       165.30       165.64-0.21%12.20%

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