The central bank set the leu’s reference rate versus the euro at 4.5095 units, up 0.14% compared with the previous day. Against the US dollar, the leu’s indicative rose a mere 0.09% to 4.1994 units.
Claudiu Cazacu, X-Trade Brokers Romania chief analyst, said that the leu was supported by the macroeconomic situation and the favorable conjuncture.
“The markets consider that the advantages of Romania’s macroeconomic positioning can diminish the negative effects of instability. In other words, markets took into account the macroeconomic perspectives, as the country’s position in the region and at EU level was good last year. This year’s premises are optimistic, of solid economic growth, despite a too optimistic budget,” Cazacu stated.