The leu opened at 4.375/4.3765 to the euro, from 4.3825/4.385 to the euro at Tuesday closing. The Romanian currency followed yesterday the depreciation of the other currencies in the region, due to the negative sentiment caused by the perceived political deadlock in Italy following the parliamentary elections.
The leu traded at 4.3735/4.374 per euro at around 10:10 local time (GMT0810), after touching an early high at 4.372 units.
Romania’s central bank set Tuesday the leu’s exchange rate at 4.3816 per euro, little moved from 4.381 per euro the day before.
On the money market Wednesday morning, overnight rates were stable at 5%-5.5% a year.