The leu opened at 4.5770/4.5785 per euro, higher from 4.5810/4.5825 per euro at Friday’s closing. During the first hour of trading, the leu remained stable, amid low volumes and traded at 4.5770/4.5780 versus the European common currency.
On Friday, the central bank set the leu’s reference at 4.5809 to the euro, a fresh record low in the past 11 weeks. Against the US dollar, the leu’s indicative lost almost 0.6% on the day to 3.5097 units.
In the money market Monday morning, overnight rates dropped to 4%-4.5% a year.