Against the US dollar, the leu’s indicative gained 0.9% to 3.3275 units.
The leu opened slightly below 4.42 per euro, from 4.426/4.428 per euro at Friday close, and moved in a narrow range in the first half of the session, amid a quiet market.
Market participants said the leu was not influenced by the central bank’s monetary policy decision. The bank lowered its key lending rate for the second straight meeting by 50 basis points to a fresh record low of 4.5% a year, exceeding expectations of a 25 bps cut.
At around 1:00 pm, the leu traded at 4.4175/4.423 versus the euro.
In the money market, overnight rates were at 3.1%-3.6% a year, slightly down from 3.3%-3.8% a year Friday.