Romanian Leu Moves Higher Vs Euro On Growing Volumes
Romania’s leu advanced against the euro in late trade Friday and closed slightly stronger on the day amid raising volumes.
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Romania’s leu advanced against the euro in late trade Friday and closed slightly stronger on the day amid raising volumes.
The leu advanced against the euro Monday and closed over 0.5% stronger on the day at 4.312/4.3145 units, supported by rising remittances from Romanians who work abroad.
Romania’s leu lost modestly against the euro in late trade Tuesday and closed at 4.316/4.317 units, from 4.312/4.3145 units a day earlier.
The Romanian leu opened Tuesday stronger versus the euro, while mid-holiday activity was reduced and volumes were very low.
The Romanian leu weakened a bit against the euro mid-session Tuesday, while the central bank announced the leu’s reference at 4.2972 per euro, after the peak seen Friday.
The Romanian leu gained further versus the euro mid-session Wednesday, and the central bank set the leu’s reference at 4.2875 units, the strongest in three months.
The Romanian leu fell against the euro in the first part of Thursday session, following the regional trend, and the central bank set the the reference rate at 4.298 units, 0.25% weaker
The Romanian leu opened Friday roughly flat on the day, in a quiet market with low traded volumes, as everyone prepares for the new year.
The Romanian leu closed slightly down against the euro Friday, on low traded volumes, while dealers suspecting corporate euro purchases aimed at repatriating profit.
The Romanian leu gained some ground against the euro in late trade Tuesday, after weakening earlier in the session.