Thursday, the local currency closed at 4.4825/4.485 against the euro.

The leu opened at 4.4845/4.4875 per euro and appreciated toward 4.475 per euro during the first half of the session, amid a quiet market. In late trade, however, the currency returned to the opening levels.

The central bank set the leu’s reference at 4.4754 to the euro, stronger from a three-month low of 4.4896 units a day earlier. Against the US dollar, the leu retreated to 3.2771 units, the lowest rate since December 5.

In the money market, overnight rates were at 1.8%-1.3% a year.

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