However, the leu’s indicative lost 0.3% on the day against the US dollar, to 3.512 units.
The leu opened at 4.53/4.533 per euro, from 4.5325/4.534 per euro at Thursday close and traded near 4.53 to the euro in early action. Around noon, euro sales pushed the currency to an intraday high of 4.523 to the euro.
“The central bank has mostly likely stepped into the market before it announced today’s fixings,” said one dealer. “Volumes are low so driving the leu’s rate higher is easy.”
At around 1:00 pm, the leu traded at 4.5245/4.5246 per euro.
In the money market, overnight rates were at 5%-5.5% a year, little changed on the day.