The leu opened at 4.533 to the euro, stronger than 4.5375/4.5385 to the euro at Thursday close.
Several euro sale orders pushed the leu to an early high at 4.525 units, but it soon switched trend and touched a morning low at 4.538 units.
“Although the leu rose at the opening, it further turned to declines in line with the other currencies in the region, after an unexpected announcement of the German central bank that cut its forecast on next year’s economic growth of Germany,” a dealer said.
At around 10:00 local time (GMT0800), the leu traded at 4.532/4.535 to the euro, still stronger than yesterday’s closing levels.
Romania’s central bank set Thursday the leu’s exchange rate at 4.5394 per euro, slightly stronger than a six-week low of 4.5454 per euro in the previous session.
On the money market Friday morning, overnight rates were at 5.2%-6.2% a year.