Monday, the leu closed at 4.5095/4.5115 to the euro.

The local currency opened at 4.512 per euro and moved in a narrow range during the trading session, amid weak investor interest.

“Despite the leu’s calm reaction to the recent political tensions, we believe that a formal split-up of the ruling coalition may drive the local currency toward this year’s lows of around 4.55 to the euro,” ING Bank said in a note.

The central bank set the leu’s reference at 4.5173 units, 0.16% weaker on the day. Against the US dollar, the leu’s indicative lost 0.26% to 3.2858 units.

In the money market, overnight rates fell to 1.9%-2.4% a year, from 2.7%-3.2% a year Monday.

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