The leu earns 0.4% to reach RON 3.7083/€1, aided by the consolidation of foreign investor confidence

“International confidence improved, and major foreign stock exchanges are rising. On the Romanian market, expectations of an increase in the key rate by the Central Bank in Wednesday’s session has probably contributed to the appreciation of the leu,” said Ciprian Mihai, Head of the Volksbank Romania Treasury Department for NewsIn.

The national currency appreciated by some RON 0.01 in Tuesday’s first transactions, to a little over RON 3.70/€1, subsequently fluctuating for a short period between RON 3.7024- 3.7110/€1. By 1:50 p.m., banks were buying one euro for RON 3.7045 and selling it for RON 3.7125. The rate posted by BNR on Monday shows a 1.37 percent appreciation of the national currency to the dollar, from RON 2.4120/$1 to RON 2.3790/$1. (NewsIn)