The leu opened at 4.4715 to the euro, similar with 4.4705/4.4740 to the euro at Wednesday close.

It later touched an early low at 4.4715 per euro and a high at 4.4720.

At around 10:10 local time (GMT0810), the leu traded at 4.4715/4.4740.

“The traded volumes are very low compared with previous sessions, but normal for this time of year-Winter Holidays,” a dealer said.

On Wednesday, the central bank set the leu’s reference at 4.4778 to the euro, slightly weaker from a three-month high of 4.4672 units Tuesday. Against the US dollar, the leu’s indicative won 0.4% on the day to 3.3731 units, the strongest level since May 4.

On the money market Thursday morning, overnight rates were at 4%-5% a year.

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