By Yon Pulkrabek
Oct. 27 (Bloomberg) -- The Romanian leu tumbled against the euro to trade at its lowest level since Oct. 17 after Standard & Poor's cut the nation's foreign-currency debt rating to junk.
The leu weakened as much as to 3.5 percent to trade at 3.7700 per euro as of 5 p.m. in Bucharest today.
To contact the reporter on this story: Yon Pulkrabek in Prague at ypulkrabek@bloomberg.net
Monday, October 27, 2008
Romanian Leu Drops After S&P Downgrades Foreign-Currency Debt
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