The leu opened at 4.389/4.391 to the euro, similar to Friday closing values, but euro buy orders soon pushed it towards the 4.4 level.
At around 10:00 local time (GMT0700), the leu traded at 4.396/4.3975 against the euro. The other currencies in the region were also losing slightly against the European coin.
The Romanian central bank set Friday the leu’s reference rate at 4.3886 per euro, the highest level in eight weeks.
On the money market Monday morning, overnight rates rose slightly to 4.35%-4.85% a year, from 4%-4.5% a year Friday.