The leu opened at 4.354/4.356 against the euro, compared to 4.3575/4.359 at closing the day before.

Within the first hour of activity, the leu continued its strengthening pattern and, at around 10:00 local time (GMT0800) it was trading at 4.3525/4.354 to the euro.

The central bank set the leu’s reference at 4.3557 to the euro, modestly stronger on the day. Against the US dollar, the leu’s indicative won 0.7% to 3.2714 units.

On the money market, overnight rates jumped to 4%-5% a year, from 1.47%-1.97% a year Thursday, as Friday si the first day of the current period for minimum required reserve accumulation.

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