JPMorgan: Romanian Leu To Gain 3% Vs Euro In Coming Days

12.21.2011 By Florentina Dragu

Romania’s leu is bound to strengthened by 3% against the euro over the next few weeks as local lenders prepare to transition to international accounting standards and will be exchanging euros to put the resulting excess liquidity into their reserves, US investment bank JPMorgan said in a report.

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Keywords:: JPMORGAN; , LEU; , EURO

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