Romania’s currency slips amid politics, fundamentals as country faces FX bond test

Romania Insider ·
Romania

Sources cited by Economica.net estimated that Romania should have a designated government by October 16-17 in order to be able to issue FX bonds by November 7. Given the high level of US bond yields, Romania is expected to seek financing on other markets, including Europe and possibly Asia, such as Japan, the same sources said. The Romanian leu has continued to depreciate, with the euro crossing…

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