“Leu could fall to a record low of 4.84 against euro in the coming 12 months, should the implementation of the program agreed with International Monetary Fund is interrupted. The probability of aid program halt is 50%”, said Christian Blaabjerg, head of market research Saxo Bank.
At a one month horizon, Saxo Bank sees and exchange rate of 3.96lei/euro after which the leu could plummet to 4.1 lei/euro within three months.
But should Romania meet IMF conditionality and receive all tranches from the institution, the leu could strengthen to 3.6 versus euro at year-end, from current rate of 4.1lei/euro.
The national currency gained 0.02lei to 4.1180, as the dollar devaluation shifted investors’ attention to emerging markets.
In lipsa unui acord scris din partea InternetCorp, puteti prelua maxim 500 de caractere din acest articol daca precizati sursa si daca inserati vizibil linkul articolului Saxo Bank sees leu falling to 4.84 vs euro.