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Romanian Leu Closes Down Vs Euro, In Line With Neighbors

Romania’s leu edged lower against the euro in late trade Tuesday, tracking the currencies in the region, and closed 0.12% weaker at 4.3455/4.348 units, from 4.3405/4.3425 units a day earlier.

Florentina Dragu · 24 ianuarie 2012 · 1 min de citit

The leu opened slightly up at 4.337/4.34 per euro and traded in narrow ranges in the first half of the session. It later lost ground and hit the day’s low of 4.348 per euro at closing.

The central bank set the leu’s reference at 4.3424 to the euro, slightly stronger on the day. Against the US dollar, the leu’s reference won 0.3% to 3.3395 units.

On the money market, overnight rates rose to 4.1%-4.6% a year, from 1.6%-2.1% a year Monday.

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