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Economic

Romania Leu In Ranges Vs Euro, Exchange Rate At 4.3534

Romania’s leu traded in ranges against the euro by midday Tuesday and the central bank’s reference weakened modestly to 4.3534 units, from 4.353 units a day earlier.

Florentina Dragu · 6 decembrie 2011 · 1 min de citit

Against the US dollar, the leu’s indicative lost almost 0.4% on the day to 3.2486 units.

The leu opened flat at 4.35/4.353 per euro, but further lost ground, and traded slightly above 4.35 per euro in the first half of the session.

Elsewhere in the region, the leu’s peers were also weakening versus the euro, after Standard & Poor’s put the ratings of 15 euro-zone states on negative watch and warned of possible downgrades.

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