Romanian Leu Ends Flat Vs Euro, Neighbors Gain Ground
Romania’s leu closed flat against the euro after a quiet session Wednesday, unlike its peers in the region, which gained up to 1.1% on the day following better-than-expected economic data in China and Germany.
The leu closed at 4.3465/4.348 to the euro, little changed from 4.347/4.349 to the euro a day earlier.
It opened flat on the day and gained modestly in early trade, amid investor optimism following Romania’s successful US bond issue on Tuesday.
Romania sold $1.5 billion in 10-year bonds on the US market at 6.87% annual yield in a heavily oversubscribed auction.
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