At 11:30 Beirut time, the Euro was quoted at $/€ 1.1114, dropping by 0.38% from Wednesday’s close.
In general news, a combination of poor US figures (Non-Farm Payroll) last week, Chinese deflationary pressure and an 86B Euros Greek bailout agreement have given the Euro a breather.
Locally, the Lebanese Pound steadied versus the Dollar at LP/$ 1,504-1,508with a mid-price of LP/$ 1,506.
Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese pound slipped as reflected by the NEER, published by BLOMINVEST, which ticked down by 0.13% to 166.53 today.
| Foreign Exchange Market | Last Price | Previous | Change | Y-t-D |
| $/LBP | 1,506.00 | 1,506.00 | – | |
| €/LBP | 1,675.44 | 1,681.77 | -0.38% | |
| £/LBP | 2,353.66 | 2,354.11 | -0.02% | |
| NEER | 166.53 | 166.74 | -0.13% | 13.04% |