Romanian Leu Gains Vs Euro In Early Trade
Romania’s leu opened higher against the euro Monday, mirroring neighboring markets amid yet renewed hope that the European leaders can find common ground in their fight to contain the sovereign debt crisis at a weekend summit.
The leu opened at 4.349/4.35 per euro, from 4.359/4.36 per euro at Friday’s closing.
At around 10:15 local time (GMT0815), the leu traded at 4.352/4.353 to the euro.
Elsewhere in the region, the leu’s peers were also advancing versus the euro, after Italy’s new government announced new austerity measures to cut spending and reduce the budget deficit.
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