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Romanian Leu Gains Vs Euro, Exch Rate At 4.2393

Romania’s leu continued to firm against the euro in mid trade Tuesday, amid low volumes, and the exchange rate gained 0.5% on the day at 4.2393 units.
Romanian Leu Gains Vs Euro, Exch Rate At 4.2393
06 iul. 2010, 13:32, English

Against the US dollar, the leu’s indicative strengthened nearly 1% at 3.3687 units, from 3.4001 units Monday.

The leu opened higher on the day at 4.252/4.255 per euro and further gained ground, hitting an intraday high at 4.2365/4.2385 per euro.

At around GMT1000, the leu traded at 4.239/4.24 to the European common currency.

On the money market Tuesday, overnight rates were at 3.6%-4.2% a year, down from 4.2%-4.7% a year the day before.