Another stormy day on forex market, with euro getting close to 4.4 RON

The high foreign currency demand from the population, who has started withdrawing their deposits to buy euros after the alarming foreign exchange rate projections discussed in recent days, has driven the euro to new all-time highs. However, foreign players are now betting the NBR will intervene to push the RON higher. The euro in the first half of yesterday's trading day climbed to above 4.39 RON amid the lack of a NBR move, thus marking an increase by almost 4% in just three trading days. Closeness to the 4.4 RON threshold, however, has sparked the interest of foreign players, who have started buying RON, counting on the fact that the NBR will not remain unmoved by the exchange rate increase and will intervene to reverse the tendency. Thus, even though the NBR stayed outside the market yesterday, too, foreigners' sales balanced out foreign currency demand. In midday, the NBR calculated an official rate of 4.3523 RON for an euro, 2.66 bani or 0.6% higher than in the previous day, thus marking a new all-time high, after the one set on Monday.