The leu opened higher at 4.464/4.467 to the euro, from 4.472/4.474 to the euro at Thursday close.

The national currency soon started to lose ground and, at around 10:40 local time (GMT0840), it was trading at 4.4715/4.475 versus the euro.

The central bank’s reference for the leu weakened 0.25% on the day to 4.4669 per euro, ending a seven-day winning streak.

The leu’s indicative won 1.86% versus the euro in the past seven sessions. Central bank governor Mugur Isarescu said earlier this week that the leu has strengthened after the Finance Ministry exchanged part of its foreign currency holdings at the central bank, which in turn sold euros on the money market.

Against the US dollar, the leu’s reference was set at 3.3021 units, 0.13% weaker on the day.

In the money market Friday morning, overnight rates ranged between 3.24% and 3.75% a year.

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