“The leu may grow up to a point that may concern the central bank. NBR governor said a sharp appreciation of the leu would put a dent on exports and economic growth. However, the national currency may lose steam ahead of the weak performance of certain indicators in the U.S.”, ING said in a report.
The National Bank of Romania set a reference rate of 4.0929 lei/euro, down 0.14% from Thursday’s rate of 4.0987 lei/euro.
The leu climbed in the morning in the inter-bank market from 4.0960 to 4.0910, but dropped afterwards to 4.0940 units/euro.
In the region, the Polish zloty increased from 3.9020 to 3.8860 zloty/euro, but fell modestly near opening rates. The Hungarian forint grew in the early trades from 266.50 units/euro, but fell afterwards.
For the US dollar, the central bank set a reference rate of 2.9703 lei/dollar, down 1.03% from Thursday’s rate of 3.0013 lei/dollar.
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