Romanian Leu Closes Flat Vs Euro On Low Volumes
Romania’s leu traded in tight ranges against the euro in an uneventful session Tuesday and closed flat on the day at 4.3505/4.3535 units, amid very low volumes.
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Romania’s leu traded in tight ranges against the euro in an uneventful session Tuesday and closed flat on the day at 4.3505/4.3535 units, amid very low volumes.
Romanian construction works fell 1.5% on the month in October, after a 1.3% increase in September, the statistics institute INS said Wednesday.
The Romanian leu opened Wednesday on a strengthening trend against the euro, but traded volumes remained low.
Romania’s leu advanced against the euro in late trade Friday and closed slightly stronger on the day amid raising volumes.
of the euro zone crisis is putting increasing pressure on the economic development, an official of the IMF said.
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.
Against the US dollar, the leu’s indicative won 0.3% on the day to 3.2837 units.
Loans in Romanian lei advanced 5.8% on the year in November. Deposits of non-government resident customers increased 0.9% on the month to RON181.25 billion in November.
Tourist arrivals in Romania rose 12.6% in November from the year-earlier month, while overnight accommodations were up 9.2% on the year, the statistics institute INS said Friday.
The Romanian leu closed slightly down against the euro Friday, on low traded volumes, while dealers suspecting corporate euro purchases aimed at repatriating profit.