Trade EUR/RON

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Thinking of trading EUR/RON?

    1. After a tough time last year that cause the RON to depreciate, currency-related distress is likely to mitigate going forward. The economy remains buoyant, and the Central Bank is expected to tighten its monetary stance; however, political unrest could continue, and the current account balance will remain in deficit due to the country's capital imports. The currency is thus expected to remain broadly stable against the euro and appreciate slightly in 2019. 2. Apart from political news and market events the EUR is quite stable, this strengthens the EUR/RON and allows traders to benefit from its stability massively.
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EUR/RON is an exchange rate that specifies how many RON can be converted into one EUR, therefore the base currency is EURand the price currency is RON. In 2018, the euro climbed for the first time to over RON 4.66 on January 19, then reached its historic maximum of RON 4.6679 on January 23, after which it grew to RON 4.63-4.66 in February and March.Exchange houses sell euro by more than RON 4.7 as of January, offering - at purchase - less than RON 4.5 for the European single currency.The exchange rate is considered as a common "barometer" for the economy as well as for political developments, which is more pronounced when there are imbalances in one sector and the other.

1. In 2017, the leu hit several record lows, as controversial decisions by the Social Democrat-led government coalition prompted widespread protests. Romanians have been protesting over claims that the government wants to overhaul the justice system to debilitate the fight against corruption. At the end of November, the U.S. State Department called on Romania's parliament not to approve laws that could hamper the judicial fight against corruption, and in late December seven EU member states urged the government not to weaken the independence of the judiciary. 2. Any political instability in the Eurozone could bring down the currency, and hence, the pair.Not favourable news such as the Brexit will preassure the current.

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