The leu was trading at 4.448/4.451 to the euro in the morning, slightly stronger from 4.451/4.453 per euro at Monday close. However, volumes continue to be subdued, said one dealer.
The central bank set the leu’s reference at 4.4518 versus the euro Monday, from 4.4567 units in the previous session. Against the US dollar, the leu’s indicative won 0.4% on the day at 3.2475 units.
In the money market Tuesday morning, overnight rates were at 1.2%-1.7% a year.