Romanian Leu Opens Up Vs Euro, Peers Lose Ground
The Romanian leu was slightly stronger versus the euro in early trade Monday, in contrast with other currencies in the region, but transferred volumes were low.
The leu opened at 4.337/4.340 against the euro, compared to 4.3365/4.338 at Friday closing.
However, within the first hour the leu strengthened and, at around 10:15 local time (GMT0815) it was trading at 4.3295/4.3315 to the euro. The currencies in the region were losing ground, following Friday’s decision of Standard&Poor’s to cut the ratings of nine euro-zone countries.
On Friday, the central bank set the leu’s reference at 4.3322 to the euro, nearly 0.3% stronger on the day. Against the US dollar, the leu’s indicative won 0.56% at 3.3884 units.
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1 min
Cristina Roșca
