Midday Forex: EUR/RON falls below 4.07

The national currency strengthened against its European counterpart in early trade, to an inter-bank high of 4.0635 units/euro, in line with other currencies in the region.

“Apparently, the leu’s upward trend was not influenced by the news, and the trade has been rather choppy, so we think NBR may have sold a portion of the money from the IMF, but we’ll still have to look at the trading data on the NBR site to make sure”, a dealer told NewsIn.

The national currency grew in the early trade today from 4.0868 units/euro to 4.0635, but fell to 4.0750 afterwards. At 15:40 EET, banks were buying a euro for 4.0720 and selling it for 4.0770.

The National Bank of Romania set Tuesday a reference rate of 4.0736 lei/euro, down 0.37% from Monday’s rate of 4.0888 lei/euro.

In the region, the Polish zloty fell from 3.8860 to 3.9087 units against euro, but recouped afterwards to 3.8940 units/euro. The Hungarian forint dropped in the early trade from 263.50 units/euro to 265.60 but grew to 246.60 forints/euro at noon.

For the US dollar, the central bank set a reference rate of 3.0144 lei/US dollar, down 0.28% from yesterday’s rate of 3.0230 units/dollar.

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