The Romanian Parliament today debates a no-confidence motion against the three-month old government headed by Mihai-Razvan Ungureanu.
The leu opened at 4.377/4.38 to the euro, weaker from 4.374/4.376 at Thursday closing. It varied slightly in the first hour of trading and was listed at 4.378/4.379 to the euro at around 10:00 local time (GMT0700).
“The market is more vivid than in recent days… It looks like some players are betting on the government fall and the leu’s depreciation,” a dealer said.
The central bank set Thursday the leu’s reference rate at 4.3757 per euro, slightly stronger on the day.
On the money market Friday morning, overnight rates stood at 3.8%-4.3% a year, up from 3.5%-4% a year in the previous session.