The leu opened at 4.4 to the euro, slightly higher from 4.402 per euro at Tuesday close.
In the first trading hour, the national currency traded at 4.399/4.401 against the euro. It ranged from a high of 4.3955 per euro and a low of 4.407 per euro.
Tuesday, the Romanian central bank set the leu’s reference at 4.3955 to the euro, 0.2% weaker from 4.3873 per euro Monday. Against the US dollar, the leu’s indicative lost 0.22% to 3.2711 units.
In the money market Wednesday morning, overnight rates were at 1%-2%, from 1.33% – 1.83 a year Tuesday.