The leu closed at 4.235/4.237 per euro, slightly weaker from 4.23/4.233 per euro Thursday.

The local currency opened down at 4.245/4.248 per euro and further lost ground, hitting the day’s low at 4.253 per euro. In the second half of the session, the leu returned to gains and traded below 4.24 per euro until closing.

The central bank set the leu’s reference at 4.2419 to the euro, 0.4% weaker on the day.

Against the Swiss franc, which investors seek avidly at signs of trouble, the leu fell to a new historic low of 3.913 units. The leu has lost over 14% versus the franc since January, when it traded at 3.4242 units.

The leu’s indicative retreated against the US dollar as well, losing almost 1% on the day at 3.0005 units.

On the money market, overnight rates rose to 4.4%-4.9% a year, from 4.2%-4.7% a year Thursday.

Subiecte #EURO#LEU