The leu opened modestly up at 4.4485/4.45 per euro, from 4.4525/4.4535 per euro at Thursday close. Euro sales drove the leu weaker and at around 10:30 am traded at 4.4525/4.4535 to the euro, similar to Thursday’s close levels.
The central bank set the leu’s reference at 4.4511 versus the euro Thursday, slightly weaker on the day. Against the US dollar, the leu’s indicative won 0.6% to 3.2661 units.
In the money market Friday morning, overnight rates were at 2%-2.5% a year.