Friday, the leu closed at 4.54/4.541 per euro. The local currency lost some 1% versus the euro in the past three sessions after the central bank’s chief said the leu should weaken following the monetary policy decisions last week.
The leu opened flat against the euro Monday, but started to appreciated shortly after, hitting the day’s high of 4.52 per euro in the second half of the trading session.
The central bank set the leu’s reference at 4.5366 to the euro, 0.2% stronger from a seven-month low of 4.5447 units Friday. Against the US dollar, the leu’s indicative won 0.7% on the day to 3.3201 units.
In the money market, overnight rates were flat at 0.6%-1.1% a year.