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Romanian Leu Weakens Vs Euro Amid Low Volumes

Romania’s leu lost early gains versus the euro in late trade Monday and closed slightly weaker on the day, amid low volumes.

Florentina Dragu · 28 noiembrie 2011 · 1 min de citit

The leu closed at 4.365/4.3665 per euro, from 4.362/4.3645 per euro Friday.

Elsewhere in the region, the Polish zloty was gaining 0.5% against the euro, while the Hungary’s forint was up 1.9%, after the authorities in Budapest announced they are considering a new financing deal with the International Monetary Fund.

The leu opened up at 4.357/4.360 per euro and traded below 4.36 per euro in the first half of the session. It afterwards lost ground and hit the day’s low of 4.367 per euro toward closing.

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