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Romanian Leu Up Vs Euro, Exch Rate Hits 8-Mo High At RON4.1383

The Romanian leu extended early gains against the euro in mid trade Monday, amid a positive sentiment in the region, and the central bank’s reference rate advanced to RON4.1383 per euro, the strongest level in the past eight months.
Romanian Leu Up Vs Euro, Exch Rate Hits 8-Mo High At RON4.1383
11 ian. 2010, 13:24, English

A stronger rate was computed in May, at RON4.1380 per euro.

For the US dollar, the indicative was set at RON2.8489, from RON2.9143 on Friday.

The local currency opened stronger versus the euro Monday, tracking regional currencies, which gained on the greenback following weaker than expected job data in the U.S..

At around GMT1100, the leu traded at RON4.1350/RON4.1380 per euro, after hitting an early high at RON4.1340 per euro.

The dealers see the leu advancing further versus the European currency, provided the appetite for high-risk assets remains positive.

On the money market Monday, overnight rates were at 6.5%-7% a year, down on the day.