The leu closed at 4.3155/4.3175 per euro, from 4.303/4.305 per euro Friday. Monday, the market was closed for Easter.
The currency opened at 4.305 per euro and further appreciated, hitting an early high of 4.299 to the euro. However, it later turned to losses amid growing demand for foreign currency, and traded above 4.31 to the euro during the second half of the session.
The central bank set the leu’s reference at 4.3182 versus the euro, weaker from a 16-month high of 4.3072 to the euro Friday. Against the US dollar, the leu’s indicative lost 0.6% to 3.302 units.
In the money market, overnight rates fell to 3.8%-4.3% a year, from 4.1%-4.6% a year Friday.