Romania is focusing on how to respond to the impact of pandemic

The Romanian leu manages to gain against the US dollar yesterday and today, but it is widely expected that the buck will still have the upper hand in the coming days. The US dollar to Romanian leu exchange rate should head to its resistance level in the first half of October as bullish investors look to redeem their losses from the initial days of the pandemic. Right now, Romania is closely focusing on how it will respond to the impact of the coronavirus pandemic on its economy. Just recently, it was reported that the European Commission approved the reallocation of about 550 million euros in the bloc’s cohesion policy to the funding of the country’s pandemic response budget. The financial aid will be granted to more than 120,000 enterprises and businesses in the country, helping them cope with the crippling impact of the pandemic. This, however, has not helped the cause of the Romanian leu, allowing the buck to seize the opportunity to gain.