The leu opened flat at 4.4385 to the euro, but further appreciated and hit an early high of 4.4315 to the euro.

At around 10:00 am, the currency traded at 4.434/4.436 per euro.

The central bank set the leu’s reference at 4.44 versus the euro Thursday, 0.2% stronger on the day. Against the US dollar, the leu’s indicative weakened 0.3% to 3.3312 units.

In the money market Friday morning, overnight rates were at 1.5%-2% a year.

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