Romania Leu Flat Vs Euro In Early Trade
Romanian leu opened flat against the euro Friday and moved in tight ranges in early trade as investors wait for a key report on the US jobs market due for release later today.
The leu opened at 4.355 to the euro, barely changed from 4.352/4.354 to the euro at Wednesday’s closing. The market was closed Thursday for the National Day holiday.
Romanian central bank set the leu’s reference at 4.3539 per euro Wednesday, slightly weaker on the day.
On the money market Friday morning, overnight rates were flat at 5.5%-6% a year.
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Cristina Roșca
