Romanian Leu: New government supports leu stability, upside capped – ING

ING strategist Frantisek Taborsky says Romania’s emerging political breakthrough should reduce near-term pressure on the Leu and lower rating risks, but notes a difficult economic backdrop after fiscal tightening. He expects the new government to stabilise EUR/RON around 5.340, with bonds supported by consolidation efforts, though stretched valuations and limited upside constrain further rallies.