The national currency fell markedly against euro today, to a reference rate of 4.1214, in line with its peers in the region, while the US dollar posted substantial gain versus its European counterpart, on concerns over the fiscal instability of Greece, Portugal and Spain.
Yesterday, the National Bank of Romania set a reference rate of 4.0964 lei/euro.
“The leu dropped markedly today, but it seemed to have been a regional trend. Anyway, the cut in the monetary policy rate made leu placements less attractive”, a dealer told NewsIn.
In the morning, the leu was trading near 4.1040 units/euro, and fell steadily against euro to 4.13 units/euro. At 13:55 EET EUR/RON stood at 4.1280.
In the region, the euro grew against a basked of currencies today. The Polish zloty opened at 4 units/euro and dropped to 4.04. At 11:00, the euro was traded for 4.0280 zloty. The Hungarian forint declined from 271.40 to 273.20.
For the US dollar, the National Bank of Romania set a reference rate of 2.9749 lei/dollar, up 1.68% from Wednesday’s rate of 2.9257 lei/dollar.
Article comments "Midday Forex: Leu remains weak"
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