Euro Appreciated Against the Dollar on Thursday

At 11:30 Beirut time, the Euro was quoted at $/€ 1.1240the equivalent of €/LBP 1,694.43, appreciating against the US Dollar by 0.12% from yesterday’s close.

 Upcoming data from Non-Farm Payrolls (NFP) in the United States as well as the awaited Draghi’s statement related to the ECB policy measures, may affect the Euro/Dollar exchange rate .  

Locally, the Lebanese Pound steadied versus the Dollar at a quote of LP/$ 1,506-1,510 with a mid-price of LP/$ 1,508.

Compared to the pool of currencies of Lebanon’s major trading partners, the purchasing power of the Lebanese pound improved as reflected by the NEER, published by BLOMINVEST, which added 0.11% to 166.76 today.

Foreign Exchange MarketLast PricePrevious ChangeY-t-D
$/LBP1,508.001,508.00 –
€/LBP1,694.431,692.320.12%
£/LBP2,299.842,306.32-0.28%
 NEER166.76166.570.11%13.19%

 

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