The leu opened at 4.5 per euro, similar with 4.498/4.5 per euro at Thursday close, and moved in a tight range in the first part of the session.
Fitch Ratings Friday affirmed Romania’s long-term foreign and local currency ratings at ‘BBB-‘ and ‘BBB’, respectively, citing the country’s strong economic growth and its resilience to recent external imbalances, but the announcement had no impact on the leu.
The central bank set the leu’s reference at 4.4986 against the euro, 0.3% stronger on the day. Against the US dollar, the leu’s indicative won 0.4% to 3.2752 units.
In the money market Friday morning, overnight rates were at 1.25% – 2.25% a year.