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Romanian Leu Ends Flat Vs Euro, Neighbors Gain Ground

Romania’s leu closed flat against the euro after a quiet session Wednesday, unlike its peers in the region, which gained up to 1.1% on the day following better-than-expected economic data in China and Germany.

Florentina Dragu · 1 februarie 2012 · 1 min de citit

The leu closed at 4.3465/4.348 to the euro, little changed from 4.347/4.349 to the euro a day earlier.

It opened flat on the day and gained modestly in early trade, amid investor optimism following Romania’s successful US bond issue on Tuesday.

Romania sold $1.5 billion in 10-year bonds on the US market at 6.87% annual yield in a heavily oversubscribed auction.

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