Antena 3 CNN Business Romanian leu hits 6-month high

Romanian leu hits 6-month high

Romanian leu hits 6-month high
21 Dec 2012   •   17:20

Emerging stocks fell on Friday after U.S. budget talks stalled, but Romania's leu bucked the risk averse trend to hit a six-month high against the euro on signs a new government would be approved.

The Romanian leu hit its highest level since late June, helped by expectations parliament will approve Prime Minister Victor Ponta's new government on Friday, bringing some political stability as the country seeks a deal with the International Monetary Fund.

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