Romanian Leu Weakens Vs Euro On Growing FX Demand
Romania’s leu retreated against the euro in late trade Monday and closed over 0.2% weaker on the day at 4.3585/4.36 units, amid higher demand for foreign currency.
Friday, the leu closed at 4.3475/4.35 per euro.
The leu opened slightly higher at 4.346/4.35 per euro and traded near 4.35 per euro in the first half of the session, amid low volumes. The national currency started to weaken in the afternoon and hit the day’s low of 4.36 per euro at closing.
The central bank set the leu’s reference at 4.3532 to the euro, the weakest rate in five weeks. Against the US dollar, the leu’s indicative lost 0.4% on the day to 3.4096 units, the weakest level since July 2010.
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