Romania’s Leu Weakens to Lowest in Month on Borrowing
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The leu weakened to the lowest in more than a month as Romania’s Finance Ministry increased the size of its monthly borrowing program.
The currency depreciated 0.5 percent to 4.5389 per euro by 5 p.m. in Bucharest, the lowest intraday level since Aug. 14, bringing the quarterly loss to 2 percent. Yields on the 2018 euro-denominated bonds increased two basis points, or 0.02 percentage point, to 4.847 percent.