Romanian Leu Weakens Vs Euro, Following Region
The Romanian leu opened Friday nearly flat on the day, but it soon entered a downward trend, following the other currencies in the region, on fears of the sovereign debt crisis and the outlook of the global economy.
The leu opened at 4.355/4.360 against the euro, compared to 4.356/4.357 at closing the day before.
Within the first hour, the leu started to weaken and, at around 10:20 local time, it was trading at 4.3615/4.362 to the euro.
The central bank’s reference strengthened Thursday 0.12% to 4.3425 per euro, from 4.3577 per euro a day earlier.
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