Eastern European currencies are doing well in FX trading this morning on the currency market. Forex trading strategy with emerging market currencies in Europe should consider that they are poised for further growth.

One of the currencies that is doing well is the Romanian leu. It is on the rise, mainly due to interest rate speculation. Bloomberg reports on the Romanian Leu in forex trading:

``Interest rates are far too low,'' said Nigel Rendell, a senior emerging-market strategist in London at RBC Capital, the investment-banking arm of Royal Bank of Canada, the country's largest lender. ``On the back of that, people think there is some room'' for the currency to appreciate.

See Also

• Eastern European Currencies in FX Trading
  Forex trading strategies and emerging markets

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