Romanian Leu Strengthens Vs Euro, Exchange Rate At 4.2875
The Romanian leu gained further versus the euro mid-session Wednesday, and the central bank set the leu’s reference at 4.2875 units, the strongest in three months.
Tuesday, the central bank had announced a reference rate of 4.2972 lei per euro.
The leu opened at 4.2925/4.295 against the euro, compared to 4.2915/4.293 at closing the day before. Dealers said the leu initially lost ground, touching an early low at 4.305 per euro, before rising towards a high of 4.2825/4.284 per euro.
At 1300 local time (GMT1100), the leu traded at 4.284/4.2855 against the euro.
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