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Romanian Leu Continues Downward Trend Vs Euro

The Romanian leu continued Monday its downward trend against the euro due to foreign investors’ lack of trust in the international efforts to solve the European crisis, traders said.
Romanian Leu Continues Downward Trend Vs Euro
06 oct. 2008, 11:28, English

The leu opened at RON3.9200-3.9250 against the euro, slightly higher than Friday’s closing value, and touched and early high of RON3.95 to the euro.

At around GMT 0730, the leu was trading at RON3.9420-3.9480 against the euro.

Monday morning, on the money market, overnight rates were at 14-16%.

The leu closed at RON3.9000 /RON3.9050 against the euro Friday, significantly lower from RON3.7430/37460 to the euro on Thursday closing.