Romania’s RON hits fresh 1-month high vs. EUR

Romania’s currency, RON, rose for the second day in a row against the European single currency on Tuesday, the exchange rate falling to 4.6321/EUR, the lowest level since August 6, National Bank of Romania (BNR) data show.

On Monday, the reference exchange rate was RON 4.6375/EUR. Experts say the RON’s appreciation is due to lower liquidity in the money market.

US dollar gained 0.2 percent to reach 4.0051 RON, the highest level since August 24.

The Romanian central bank also had two repo operations during the last couple of weeks, injectiong liquidity into the market.

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