The euro/leu exchange rate was lower on Tuesday evening before Fed’s decision, in a slightly positive regional context. At the beginning of yesterday’s session, the RON strengthened against the euro, in alignment to regional evolution.
Rate. Banks rated one euro to RON 3.3680-3.3700 at the beginning of Wednesday’s session, one ban (RON 0.01) less than on Tuesday evening. In the first transactions, the leu appreciated together with the other currencies in the region due to a drop in the key interest by Federal Reserve, according to the dealers. After the session opened at the 3.3680-3.3700 RON/€ exchange rate, the leu rose to 3.3640-3.3660 RON/€, but then fell to 3.3750-3.3770 RON/€.
Trend. “The leu appreciated right after the session opened due to investors’ enthusiasm generated by a lower benchmark interest rate in the USA. The evolution of the leu registered the same trend as the other currencies in the emerging area,” the dealer of the largest local lender, Banca Comerciala Romana (BCR), Narcis Noaghea, told NewsIn agency.
However, at the moment, the leu seems incapable to make up the value it has recently lost and continues to register an overall depreciation trend, Noaghea added. On international markets, the dollar depreciated in yesterday’s first half, to 1.3989$/€ from 1.3961$/€, and around 11:30, Romania’s time, the quotation reached 1.3976$/€, due to Fed’s decision designed to boost economic growth.
Slight increase
After the session opened at the 3.3680-3.3700 RON/€ exchange rate, the leu rose to 3.3640-3.3660 RON/€, but then fell to 3.3750-3.3770 RON/€.
