Romania's central bank tries to temper local currency’s strengthening

The Romanian National Bank (BNR) will try to temper the Romanian currency’s strengthening currency, after the leu appreciated again against the euro and the EUR/RON exchange rate fell near the Central Bank's comfort zone last week, according to ING Bank Romania analysts, quoted by Mediafax. The leu gained 0.2% on Friday and closed the day at a RON 4.4070/EUR rate. “The trading volumes were two times higher than the daily average in July. The sale interest on the euro/leu rate dominated the day, and the pair tested for a little while the Central Bank’s comfort zone of RON 4.40/EUR,” according to ING. The official exchange rate fell this year only one day below the RON 4.4/ EUR threshold, on April 4, when BNR announced a RON 4.3965/EUR rate. US dollar hits new record against Romanian currency editor@romania-insider.com