The Romanian Leu and the Evolving Situation in Emerging Markets

Here's the latest 24 hr chart I've prepared on the Romanian leu, showing the continued downward movement in the value of the leu when compared with the euro.



If you want to know what this is all about, and why it might be important, I suggest you read this post I have on Global Economy Matters, and this one Claus put up on Alpha Sources this afternoon.