Dollar Fell Versus the Euro Today for the First Time in Five Sessions
At 12:30 Beirut time, the Euro was quoted at €/$ 1.0594, the equivalent of €/LBP 1,597.05, appreciating against the US Dollar by 0.29%.
The US dollar fell for the first time in 5 sessions against the Euro, as investors speculate that the Federal Reserve will start tightening monetary policy starting 2016.
Locally, the Lebanese Pound steadied versus the Dollar steadied at a quote of $/LP 1,510.5-1,514.5 with a mid-price of $/LP 1,512.5.
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 lost 0.05% to 169.39 points today.
Last Price
Previous
% Change
Y-t-D
$/LBP
1,512.50
1,512.50
–
€/LBP
1,597.05
1,592.37
0.29%
£/LBP
2,274.67
2,269.39
0.23%
NEER
169.39
169.48
-0.05%
14.97%
