The gross domestic product increased 0.7% on the quarter in January to March, up from growth of 0.6% previously estimated, revised figures from the statistics institute showed earlier today.

The leu opened slightly up at 4.153/4.156 per euro, from 4.1545/4.1555 per euro at Tuesday’s closing, but further lost ground, hitting an early low at 4.158 per euro.

At around 10:20 local time, the leu traded at 4.156/4.157 to the euro.

The central bank set the leu’s reference at 4.1544 per euro Tuesday, the weakest rate in two and a half months.

On the money market Wednesday morning, overnight rates were down on the day at 3.3%-3.8% a year.

Subiecte #EURO#LEU