Romanian Leu Ends Flat Vs Euro In Thin Pre-Xmas Trading

The leu opened at 4.293/4.295 to the euro and further gained ground, hitting an early high of 4.2865 per euro. It lost some of its thrust in the afternoon and traded near 4.295 until closing.

The central bank set the leu’s reference at 4.2912 per euro, the strongest rate in three months. Against the US dollar, the leu’s indicative won 0.3% on the day to 3.2837 units.

On the money market, overnight rates rose to 4%-4.5% a year, from 1.8%-2.3% a year.