Monday, the leu closed at 4.452/4.453 to the euro.

The local currency opened at 4.4535 per euro and strengthened to an early high of 4.437 per euro, fueled by higher euro sales.

“The trading volume was at its highest level in two months, but there are no clear explanations as to why,” said one dealer.

The central bank set the leu’s reference at 4.4403 against the euro, the strongest rate in five months. The leu’s indicative rose to its highest level since November 2011 against the US dollar, at 3.2029 units.

In the money market, overnight rates were at 3.5%-4% a year.

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