Romanian Leu Opens Flat Vs Euro, On Little Activity
The Romanian leu opened Monday almost flat against the euro, and it held its ground early in the session, on low liquidity.
At around 10:15 local time (GMT0815), the leu was trading at 4.3485/4.350 to the euro, compared to 4.3465/4.3485 at closing Friday.
The central bank set the leu’s reference at 4.3473 to the euro, slightly weaker on the day. Against the US dollar, the leu’s indicative won 0.11% at 3.3663 units.
On the money market, overnight rates remained close to the central bank’s 1.75% deposit interest.
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