The leu opened flat at 4.4985 per euro and hovered near that level during the first trading hours. At around 10:30 am, the local currency traded at 4.5/4.5015 versus the euro.
Friday, the central bank set the leu’s reference at 4.4978 to the euro, a fresh record high in the past three weeks. Against the US dollar, the leu’s indicative lost 0.2% to 3.3221 units.
In the money market Monday morning, overnight rates were at 3%-7% a year, amid low liquidity. Market participants anticipate a cash injection from the central bank later in the day.