The leu opened at 4.374/4.376 per euro, little changed from 4.3735/4.375 per euro at Thursday close. It hit an early high of 4.3715 to the euro, but returned to the opening levels shortly after, in a quiet market.
The central bank set the leu’s reference at 4.3747 versus the euro Thursday, weaker from a five-week high of 4.3668 per euro a day earlier. Against the US dollar, the leu’s indicative erased yesterday’s gains to trade at 3.347 units, about 0.9% lower on the day.
In the money market Friday morning, overnight rates were at 1.2%-1.7% a year.