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Analiza ZF · Economic

Romanian Leu Opens Stronger Vs Euro, On Low Volumes

The Romanian leu opened Friday with a slight increase against the euro, on low traded volumes, while foreign player activity was close to zero.

de Andrei Cîrchelan , Translator RO-EN 03.02.2012 · 10:42 1 min de citit

The leu opened at 4.344/4.346 to the euro, compared to 4.347/4.350 at closing the day before.

Within the first hour, the leu maintained its ground and, at around 10:00 local time (GMT0800) it was trading at 4.344/4.3465 to the euro.

The central bank set the leu’s reference to 4.347 to the euro, slightly weaker on the day. Against the US dollar, the leu’s indicative won 0.15% to 3.3053 units.

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