BCR anticipates leu to trade at 4.55 to euro at year-end

The Romanian Commercial Bank BCR is anticipating an exchange rate of 4.55 lei to the euro for end-2012, according to the report issued by the bank's research department for Romania unveiled by BCR senior analyst Eugen Sinca.The national currency will appreciate on the very short term and it will trade at 4.4 to the euro in September, as some speculators having bet on the leu's depreciation could close their positions by seeing the ...

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