Good News From Europe Boost the Euro

The Euro gained 0.56% today after Tsipras acquired his parliament’s backing this morning for the second package of reforms required to start talks on a financial rescue deal.

Locally, the Lebanese Pound appreciated versus the Dollar, increasing by 0.07% 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 declined by 0.11% to 165.72 today.