The Euro was bearish versus the Dollar today, as it depreciated by 0.22% to 1.0963 at 11:30 Beirut time, on the back of poor Euro Zone data. In details, Greek manufacturing data for July hit an all-time low, as its manufacturing PMI hit 30.2.
Locally, the Lebanese Pound steadied versus the Dollar at 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 0.65% to 166.38 today.
| Foreign Exchange Market | Last Price | Previous | Change | Y-t-D |
| $/LBP | 1,505.00 | 1,505.00 | – | |
| €/LBP | 1,652.67 | 1,656.29 | -0.22% | |
| £/LBP | 2,354.87 | 2,353.36 | 0.06% | |
| NEER**** | 166.38 | 165.30 | 0.65% | 12.94% |