Against its US counterpart, the Romanian Leu traded higher during New York deals on Thursday. At about 2:30 pm ET, the Leu climbed to 2.9458 versus the greenback, which may be compared to yesterday's closing value of 2.9693. This set a 2-day high for the Romanian currency.

Thursday, Romania's National Institute of Statistics announced that the gross domestic product or GDP decreased 8.8% year-over-year in the second quarter, compared to the 6.2% fall in the previous quarter. The GDP came in line with economists' expectations.

In the first half of the year, the GDP dropped 7.6% compared to the same period of the previous year.

Sequentially, the GDP declined a seasonally adjusted 1.2% in the second quarter, after falling 4.6% in the first quarter.

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