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Romanian Leu Opens Stronger Vs Euro, On Low Volumes

The Romanian leu opened Wednesday on a strengthening trend against the euro, but traded volumes remained low.

Andrei Cîrchelan · 14 decembrie 2011 · 1 min de citit

The leu opened at 4.3475/4.3505 against the euro, compared to 4.35/4.352 at closing the day before.

Within the first hour, the leu continued to gain ground and, at around 10:15 local time (GMT0815), it was trading at 4.342/4.344 to the euro.

Romania’s central bank set Tuesday the leu’s reference at 4.3497 to the euro, 0.2% weaker on the day. Against the US dollar, the leu’s indicative lost 0.8% to 3.2955 units.

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