Romanian Leu Opens Stronger Vs Euro, On Low Volumes

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.