Friday, September 05, 2008

US dollar advances to new multi-month high versus Romanian Leu, Friday, September 05, 2008 12:23:20 PM

Extending yesterday`s uptrend, the US currency advanced against its Romanian counterpart in New York morning trading on Friday. At about 7:05 am ET, the pair climbed to a new multi-month high of 2.5318, compared to yesterday`s close of 2.4699. Currently, the pair is trading at 2.5226.

The Romanian industrial production rose at a pace of 5.1% annually in July, up from 4% recorded in June, the National Institute of Statistics said Friday.

Compared to the previous year, production in the mining and quarrying sector increased 8.4%, followed by a 4.8% rise in the industry processing sector output. Output in the utility sector grew 4.2%.

Month-on-month, industrial production declined 1.4% in July, compared with a 1.5% rise seen in June.


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