Romanian Leu Ends Higher Vs Euro, Attuned To Region
Romania’s leu strengthened modestly against the euro Thursday, tracking the currencies in the region, as investors are cautiously optimistic after the European Central Bank announced new measures to help struggling lenders.
The leu closed at 4.3485/4.341 per euro, from 4.344/4.3455 per euro Wednesday.
ECB’s chief Mario Draghi said earlier Thursday that it would make more credit available to banks affected by the sovereign debt crisis in the euro zone. However, Draghi voiced caution over buying more government bonds to help financially troubled nations.
The leu opened flat against the euro, but further gained ground, amid growing demand. It hit the day’s high of 4.3315 per euro in the second half of the session.
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