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.
The leu’s peers in the region were posting modest losses amid a negative sentiment following Standard & Poor’s warning that it could lower the ratings on 15 euro-zone states due to “systemic stresses” in the region.
The national currency opened flat versus the euro and traded near 4.35 per euro throughout the day.
The central bank set the leu’s reference at 4.3534 to the euro, slightly weaker on the day. Against the US dollar, the leu’s indicative lost almost 0.4% to 3.2486 units.
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