Friday, the leu closed at 4.5245/4.526 to the euro. The market was closed yesterday for a religious holiday.
The leu opened down at 4.53 per euro, but later appreciated, hitting the day’s high of 4.4695 to the euro in the second half of the session.
The central bank set the leu’s reference at 4.487 versus the euro, the strongest rate in one week. Against the US dollar, the leu’s indicative dipped to 3.421 units, from 3.4179 units Friday.
In the money market, overnight rates rose to 4.3%-4.8% a year, from 2.3%-2.8% a year in the previous session as banks start to build up their mandatory reserve requirements.