ING: Don"t bet on RON appreciation, you"ll get burned - Azi

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Those who bet on the RON"s appreciation to continue, after the unexpected exchange rate decline at the beginning of the month, are playing with fire and could be in for a surprise, write ING analysts in the report "The RON: If you play with fire, you"ll get burned".

At the beginning of the month, the euro took a sudden fall on the forex market, from 3.66 RON and reached a 3.52 RON low. The move was generated by the regional context, with international investors being interested in the higher...

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