The leu opened at 4.167/4.169 to the euro, weaker than 4.162/4.164 at closing Friday.
Within the first hour, the leu reached a low of 4.175 followed by slow strengthening. At around 10:20 am local time, the leu was trading at 4.1695/4.172 to the euro.
The central bank set Friday the leu’s reference rate at 4.1566 units against the euro, stronger than the previous reference of 4.172.
On the money market, excess liquidity continued to pressure overnight rates, which stood at 2%-2.5% a year, from 2.9%-3.4% a year previously.