Economy | 5 May, 2025 at 1:21 PM
Romanian Leu falls against major currencies
The Romanian currency leu has depreciated on Monday against major currencies, following the first round of presidential elections in Romania.
The Romanian currency leu has depreciated on Monday against major currencies, following the first round of presidential elections in Romania.
iBanFirst estimates that the dollar index could increase by 10% over five years—thus reinforcing the overvaluation of the US currency compared to its main counterparts.
In 2024, the strength of the dollar could trigger a new currency war. The market is concerned about the risk of competitive devaluations in Asia to counter the strong dollar.
The study reveals that 83% of Romanians have a plan for their upcoming vacation season. Only 6% do not intend to go on holiday, while 12% have yet to finalize their arrangements.
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