Romanian Leu Recoups Vs Euro On Higher FX Sales
Against the US dollar, the leu’s indicative lost over 1% to 3.4245 units, the lowest rate since July 2010. On the money market, overnight rates were flat at 1.75%-2.25% a year.
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Against the US dollar, the leu’s indicative lost over 1% to 3.4245 units, the lowest rate since July 2010. On the money market, overnight rates were flat at 1.75%-2.25% a year.
Romanian construction output rose 3% on the month in November, after a 1.5% decrease in October, the statistics institute INS said Wednesday.
Romania’s leu traded in narrow ranges against the euro in late session Wednesday and closed nearly flat on the day, amid low volumes.
The Romanian leu continued to advance at a moderate pace against the euro by midday Monday and the central bank’s reference strengthened 0.12% to 4.334 units, from 4.3394 units in the
Loans in Romanian lei advanced 0.6% on the year in October. Deposits of non-government resident customers decreased 0.8% on the month to RON179.6 billion in October.
Romania’s leu traded near 4.35 per euro in late session Tuesday and closed 0.3% stronger on the day, amid higher volumes.
The Bucharest bourse closed Wednesday on an upward trend, following news that the U.S.
Tourist arrivals in Romania rose 15.3% in October from the year-earlier month, while overnight accommodations were up 9.5% on the year, the statistics institute INS said Monday.
Romania’s leu strengthened modestly against the euro amid thin trading Monday, lagging behind its neighbors which won up to 1.5% on the day on increasing optimism regarding new measures
Romanian net investments rose 15.3% to 16.65 billion lei (EUR3.82 billion) in the third quarter from the year-earlier period, on increasing activity across the board, the country’s