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Economic

Romanian Leu Opens Stronger Vs Euro, In Line With Peers

The Romanian leu opened Monday slightly stronger on the day, on low traded volumes, following the evolution of the other currencies in the region.

Andrei Cîrchelan · 28 noiembrie 2011 · 1 min de citit

The leu opened at 4.357/4.360 against the euro, compared to 4.362/4.3645 at closing Friday.

Within the first hour of trading, the leu saw some unnoticeable oscillation and at around 10:00 local time (GMT0800) it was traded at opening levels.

On Friday, the central bank set the leu’s reference at 4.362 per euro, the weakest rate in 17 months. Against the US dollar, the leu’s indicative lost 1.16% on the day to 3.2926 units, the lowest level since January.

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