The leu opened at 4.4775/4.48 versus the euro, stronger from 4.481/4.483 to the euro at Friday’s close.
In the first hour of trading, the national currency moved in a tight range of 4.4775 to 4.475 against the euro and shortly after 10:00 (GMT 0800), it was trading at 4.475/4.478 versus the euro, amid low transferred volumes.
The central bank Friday set the leu’s reference at 4.4754 to the euro, stronger from a three-month low of 4.4896 units a day earlier. Against the US dollar, the leu retreated to 3.2771 units, the lowest rate since December 5.
On the money market, overnight rates continue to be way below the central bank’s key rate of 4% a year.