The leu opened at 4.54 to the euro, weaker than 4.5222/4.524 to the euro at Thursday close.
Yesterday, the leu lost significant ground against the major currencies, following comments of US Federal Reserve Chairman Ben Bernanke, who said the central bank will cut its bond buying program until mid-year 2014. Bernanke’s words triggered a strong sell-off of risky assets, and the emerging currencies took a big hit.
However, after the weak opening today, the leu gained towards an early high of 4.5165 per euro. At around 10:20 local time (GMT0720), the leu traded at 4.5225/4.5245 to the euro.
Thursday, the central bank set the leu’s exchange rate at 4.534 per euro, the weakest level since June 7.
On the money market Friday morning, overnight rates stayed at 2%-2.5% a year.