The leu opened at 4.4435/4.4445 to the euro, similar to 4.443/4.445 at Wednesday closing.

The national currency depreciated modestly in the first hour of trading to 4.45 versus the euro and shortly after 10:00 local time (GMT0800), it was trading at 4.4475/4.45, slightly weaker from Wednesday closing.

The leu’s reference rate strengthened Wednesday for the fifth session in a row and reached 4.4449 to the euro, from 4.4456 to the euro a day earlier. Against the US dollar, the leu’s indicative won 0.13% to 3.2864 units.

In the money market, overnight rates were at 0.75% – 1.25% a year.

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