Romania’s gross domestic product grew by 1.9% in the third quarter compared with the previous three-month period, a significant U-turn after a 0.3% decline in the second quarter, a flash estimate from the country’s statistics institute INS showed Friday.
In the first trading hour, the national currency traded at 4.423/4.425 against the euro, slightly up from 4.431 per euro at Thursday close. It ranged from a high of 4.423 per euro and a low of 4.4275 per euro.
Thursday, the central bank set the leu’s reference rate at 4.4293 units, up 0.06% from 4.4319 units Wednesday. Against the US dollar, the leu’s indicative won 0.14% on the day to 3.5522 units.
In the money market Friday morning, overnight rates were at 0.08%-0.54%, from 0.08%-0.56% a year Thursday.