At around 10:00 local time, the leu traded at 4.4466/4.448 to the euro, from 4.4575 against the euro at Friday close.
Friday, the central bank set a reference rate for the local currency of 4.441 per euro, modestly stronger from a two and a half months low of 4.4423 per euro in Thursday’s session. Against the US dollar, the leu’s indicative weakened marginally to 3.2828 units, a fresh record low since early March.
In the money market Monday morning, overnight rates rose to 0.5% – 1% a year, from 0.3% – 0.8% a year Friday.