Romania Leu Up Vs Euro, Exch Rate At 4.2578

Romania’s leu extended early gains versus the euro in mid trade Monday and the central bank’s reference won 0.2% to 4.2578 units, from 4.2669 units Friday.

16 views

Against the US dollar, the leu's indicative lost nearly 0.4% on the day at 3.2032 units.

The leu opened slightly higher at 4.263/4.265 per euro, from 4.265/4.268 per euro at Friday's closing and further gained ground, tracking the currencies in the region.

At around GMT1100, the leu traded at 4.2571/4.2585 to the euro.

On the money market Monday, overnight rates fell slightly to 2%-2.5% a year, from 2.1%-2.6% a year Friday. The central bank drained RON500 million from commercial lenders earlier today, but the move was not enough to boost the rates.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.