Monday, February 2, 2009

Romanian Leu off record low against dollar

(RTTNews) - The Romanian Leu that tumbled to a record low of 3.3988 against the US dollar early in the European session regained momentum thereafter. The leu rose as high as 3.3572 against the greenback by 7:00 am ET, compared to last week's close of 3.32. The dollar-leu pair is presently trading at 3.3803.

Romania's central bank is expected to trim interest rates for the first time in 19 months on Wednesday to protect the economy from global financial downturn.

No comments: