The leu opened modestly stronger at 4.427/4.429 per euro, from 4.4285/4.4295 per euro at Thursday close, but further lost ground and traded slightly above 4.43 to the euro after the first hour.
The central bank set the leu’s reference at 4.4339 versus the euro Thursday, 0.3% stronger on the day. Against the US dollar, the leu’s indicative weakened marginally to 3.3814 units, from 3.3809 units in the previous session.
In the money market Friday morning, overnight rates were at 5%-5.5% a year.