The leu opened flat at 4.51 per euro and further appreciated, hitting an early high of 4.5065 to the euro.

Elsewhere in the region, the leu’s peers were stable against the European common currency, with investors showing little interest in emerging markets.

Romania’s central bank set the leu’s reference at 4.5102 per euro Wednesday, weaker from 4.449 units a day earlier. Against the US dollar, the leu’s indicative lost 0.1% to 3.2534 units.

In the money market Thursday morning, overnight rates were at 0.7%-1.2% a year.

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