Romania Leu Dips Vs Euro In Early Trade, Follows Neighbors
Romania’s leu moved slightly lower against the euro Tuesday morning, tracking the currencies in the region, after Standard & Poor's put the ratings of 15 euro-zone states on negative watch and warned of possible downgrades.
The leu opened flat at 4.35/4.353 per euro, but further lost ground and at around 10:00 hours traded at 4.3535/4.355 per euro.
Revised data on the third-quarter economic growth showing the gross domestic product grew at a slightly slower pace than previously thought had no immediate effects on the leu’s evolution.
The GDP advanced 1.8% on the quarter in July through September, compared with a 1.9% growth initially estimated, fresh data from the statistics institute showed earlier Tuesday.
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