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Romanian Leu Opens Weak Vs Euro, Recovers Early

The Romanian leu opened Tuesday slightly weaker against the euro, on very low traded volumes, but it soon recovered and returned to yesterday's closing levels.

Andrei Cîrchelan · 13 decembrie 2011 · 1 min de citit

The leu opened at 4.351/4.353 against the euro, compared to 4.3475/4,350 at closing the day before.

Within the first hour, the leu recovered the ground lost and, at around 10:00 local time (GMT0800), it was trading at 4.347/4.350 against the euro.

The central bank set Monday the leu’s reference at 4.3409 to the euro, weaker from 4.3397 to the euro a day earlier. Against the US dollar, the leu’s indicative lost 0.7% on the day to 3.269 units.

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