The RON yesterday fell to a one-month low against the euro, withthe exchange rate reaching 4.31 RON per euro after the conflict inthe Korean peninsula escalated and with rising speculations overPortugal and Spain coming under pressure sparking a new wave ofaversion to assets considered risky.
The negative news has turned international investors towardsinvestments deemed as safe, with the American dollar and goldgaining ground.
The National Bank yesterday calculated an exchange rate of 4.3082RON per euro, 1.25 bani (1 RON - 100 bani) more than in theprevious day. This is the highest level reached by the euro in thepast month. The all-time high had been hit in June, 4.4 RON for oneeuro.
The Bucharest Stock Exchange, which is celebrating 15 years sinceopening, responded apathetically to the external news stories, withthe few investors still present on the market being already immune.The BET index, which follows the top 10 listed companies, closedslightly up (by 0.07%), while SIFs (Financial InvestmentCompanies), which are more volatile, lost 1.3%.
On the Bucharest interbank market, the euro climbed to 4.31 RONyesterday, despite a supposed discreet intervention from theNational Bank, which is said to have sold foreign currency in orderfor the euro not to increase further. Although it was a quietsession, dealers noticed that this time the NBR did not defend the4.3 RON mark, as they had suspected in preceding months, whichleaves the way open to new increases.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
