Prima pagină » English » Romanian Leu Hits 2-Week High Vs Euro, Dealers Suspect Ctrl Bk Intervention

Romanian Leu Hits 2-Week High Vs Euro, Dealers Suspect Ctrl Bk Intervention

The Romanian leu strengthened against the euro on Friday to 3.67/6750 to the euro, dealers suspecting the appreciation was due to the central bank’s intervention on the market.
Romanian Leu Hits 2-Week High Vs Euro, Dealers Suspect Ctrl Bk Intervention
01 feb. 2008, 20:12, English
"Besides the fact that the leu appreciated along with regional currencies, it seems that the National Bank of Romania was again present in the market,” said a dealer with a foreign bank in Bucharest.
 
The leu closed at 3.67/6750 to the euro, compared with 3.7240/7250 on Thursday.
 
The leu opened at 3.7080/7100 to the euro, the day’s low against the European currency, and touched a day’s high at 3.6670 against the euro.
 
On the money market, overnight rates were at 8.75/9.25%.