The leu opened at 4.415 to the euro, lower from 4.406 per euro at Friday close. In the first trading hour, the national currency traded at 4.409/4.411 against the euro. It ranged from a high of 4.4075 per euro and a low of 4.415 per euro.
Friday, the central bank set the leu’s reference rate at 4.4018 units, up 0.02% from 4.4026 units a day before. Against the US dollar, the leu’s indicative gained 0.11% on the day to 3.4544 units.
In the money market Monday morning, overnight rates were at 3%-4%, from 3.08%-3.58% a year Friday.