Romanian Leu Eases vs Euro on Increased Risk Aversion

The leu ended at 4.2250/2280 per euro on Wednesday, compared to 4.2160/2190 per euro on Tuesday.

Losses on regional and global stock markets weighed on the leu which eased in line with the other currencies of emerging markets in the region like the Hungarian forint, the Polish zloty and the Czech crown as investors became more risk-averse, a dealer told SeeNews.

The Romanian central bank, BNR, set its reference exchange rate at 4.2246 per euro on Wednesday, compared to 4.2173 per euro on Tuesday. For the U.S. dollar, the BNR set the reference exchange rate at 2.9951 versus Tuesday’s 2.9876.

Turnover on the interbank leu deposit market rose to some 3.458 billion lei on Tuesday from 2.887 billion lei on Monday. The BNR will issue Wednesday’s figures on Thursday.

Interest rates on overnight leu deposits edged down to 8.56%/9.065 on Wednesday from 8.57%/9.07% on Tuesday.