The leu opened at 4.368/4.370 against the euro, compared to 4.3635/4.3645 at closing the day before.

Within the first hour, the leu weakened to above 4.37 against the euro, but it soon recovered the ground lost on low traded volumes, while dealers suspected a direct intervention from the central bank.

At around 10:00 local time, the leu was trading at 4.3635/4.3655 per euro.

The central bank set Thursday the leu’s reference at 4.3564 to the euro, barely changed on the day.

On the money market, overnight rates rose to 8%-9% a year, from 7.65%-8.15% a year the day before.

Subiecte #EURO#LEU