The leu opened at 4.248/4.25 to the euro, from 4.242/4.244 to the euro at closing Monday.

Later, the leu lost some ground and touched an early low at 4.2575 per euro, before switching trend. At around 10:30 local time (GMT0730), the leu traded at 4.244/4.2475 per euro.

Monday, the central bank set the leu’s reference rate at 4.2442 to the euro, slightly weaker on the day.

On the money market Tuesday morning, overnight rates were flat at 4.4%-4.9%.

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