Romanian leu climbs to 4.27 over the euro on a volatile market

Romanian national currency gained ground this morning against the single European currency to 4.27 on a volatile market amid a hike of interests on rising speculations, NewsIn informs.

The leu waved from 4.265 to 4.278 over the euro and at 10:30 the euro traded for 4.2689-4.2800 lei.

The leu was propped up significantly by the recent statements of the Federal Reserve head. The U.S. central lender President Ben Bernanke estimated that recession could come to an end this year if the state’s intervention is fruitful.

In the region the neighboring currencies swayed strongly. The Polish zloty strengthened a bit to 4.56 over the euro and then fell to 4.616 and the Hungarian forint first rose to 296.8 against the euro and then fell to 297.8.

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