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Economic

Romanian Leu Opens Flat Vs Euro, On Low Trading

The Romanian leu opened roughly flat against the euro Tuesday, on little activity, as local investors sell euro and foreigners buy it.

Andrei Cîrchelan · 17 ianuarie 2012 · 1 min de citit

The leu opened at 4.320/4.322 to the euro, compared to 4.323/4.325 to the euro at closing the day before.

Within the first hour, the leu weakened slightly and, at around 10:15 local time (GMT0815), it was trading at 4.324/4.3255 against the euro.

The central bank set Monday the leu’s reference at 4.3347 per euro, a little weaker on the day. Against the US dollar, the leu’s indicative lost over 1% to 3.4245 units, the lowest rate since July 2010.

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