The leu opened roughly flat against the euro and traded near 4.33 to the euro for most of the day. It ranged between a high of 4.3275 per euro and a low of 4.338 per euro.
Market participants said the leu’s evolution was unmoved by better-than-expected economic data that showed Romania’s gross domestic product expanded by 0.5% in the first quarter from the previous three months. In annual terms, first-quarter GDP grew by 2.1% in unadjusted data.
The central bank set the leu’s reference at 4.3344 to the euro, weaker on the day. Against the US dollar, the leu’s indicative lost 0.9% on the day to 3.363 units.
In the money market, overnight rates were at 2.8%-3.3% a year.