Romanian Leu May Drop to 3-Month Low on No-Confidence

Romania’s leu may fall to the lowest level in more than three months as the government faces a no- confidence vote from political parties opposed to International Monetary Fund-backed austerity measures.

The currency may drop 2 percent against the euro in the next two to three weeks before the central bank acts to help avoid a repeat of the 4.2 percent decline that occurred in late June, according to London-based strategists at Morgan Stanley, UBS AG and Societe Generale SA.