BANKSFINANCIALNEWS

Swiss franc has superceded Euro, reaching the highest value of all times on Romanian market

By Anca Bernovici
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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.

 

 

 

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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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