The leu opened at 4.393/4.397 to the euro, similar to Monday closing levels, and it slipped to 4.395/4.399 units after the first trades, and a similar move was noticed on markets in Poland and Hungary.

The slight decline was short-lived, both on the local market and the other markets in the region, and after an hour of trading, the leu was back to the opening levels.

On Monday, the central bank set the leu’s exchange rate at 4.3989 per euro, about 0.3% stronger on the day.

On the money market Tuesday morning, overnight rates were flat at around 2%-2.5% a year.

Subiecte #EURO#LEU