Switzerland national currency is traded on domestic market at RON 4.5152, up by 0.2 percent, a new historical record announced by National Bank of Romania (BNR) on Thursday
Thus, CHF reached the fifth high level in the last six meetings, while euro fell to RON 4.5005 / unit. The Swiss franc was quoted more than one euro at the opening session of the European interbank markets, with a maximum of the day of EUR 1.0087 reached in the morning. On the same time, the dollar fell from the record RON 3.8989 / unit reached on Wednesday to RON 3.8721 / unit.
On external market, the euro fell nearly 100 pips on mere rumor that the European Central Bank (ECB) will announce today unprecedented sovereign debt buying through the coming meeting, and strong euro reactions seem near-guaranteed on any surprises.
The euro hit an 11-year low versus the US dollar (EUR/USD) ahead of the ECB’s policy announcement on Thursday which could see the central bank reveal a massive sovereign bond buying program. As many investors expect the ECB to begin quantitative easing (QE), economists have forecast declines in the euro.