The leu opened at 4.357 against the euro, compared 4.356/4.359 at closing Friday.
However, despite the negative sewntiment on foreign markets, the leu reversed trend within the first hour, n reduced volumes. At around 10:10 local time (GMT0710), the leu traded at 4.339/4.3405 to the euro.
“The transferred volumes are low and the leu’s appreciation could be the result of some speculative transactions,” a dealer said.
The Romanian central bank computed Friday the leu’s reference at 4.3533 to the euro, the weakest in 15 months.
On the money market, overnight rates rose to 5.25%-5.75% a year, from 5.13%-5.63% a year in the previous session.