Thursday on the international markets, the euro reached its lowest point in 14 months, after the widest drop in the past three years, after the European central bank cut its monetary policy rates and announced new bond acquisition programs in an effort to support euro-area economic growth.
The local currency opened at 4.399/4.401 to the euro, similar to Thursay closing levels, and moved slightly, to 4.4/4.402 to the euro, after an hour of the session, as investors are still waiting to see what are the trends of foreign markets after the ECB’s latest decisions.
The Romanian central bank set Thursday the leu’s exchange rate at 4.4047 per euro, from 4.406 per euro the day before.
On the money market Friday morning, overnight rates were still revolving around 2%-2.5% a year.