The leu opened at 4.483/4.485 to the euro, slightly stronger from 4.485/4.489 to the euro at Thursday closing.
It traded between a high of 4.4805 per euro and a low of 4.487 per euro in the first hour of the session. At around 10:00 local time (GMT0700), the leu traded at 4.4845/4.4870 per euro.
On Thursday, the central bank set the leu’s reference rate at 4.487 to the euro, from 4.4885 to the euro a day before.
On the money market Friday morning, overnight rates fell to 5.5%-6% a year, from 7%-7.75% a year in the previous day.