Prima pagină » English » Romanian Leu Opens Lower Vs Euro

Romanian Leu Opens Lower Vs Euro

The Romanian leu opened lower against the euro Thursday, then started to appreciate in line with currencies in emerging markets.
Romanian Leu Opens Lower Vs Euro
16 oct. 2008, 11:14, English

The leu opened at RON3.8400/RON3.8450 against the euro, down from Wednesday’s closing value.

Then, at around GMT 0715, the leu was trading at RON3.7980/RON3.8030 to the euro, a trend similar to that of currencies on emerging markets, dealers said.

On the money market, overnight rates were at 11.77%-12.70% on the year.

Wednesday, the leu closed at RON3.8040/RON8070 against the euro, lower compared with RON3.8000/RON3.8200 in the previous session.