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Romanian Leu’s Exch Rate Hits 6-Mo Low At 4.2372 Vs Euro

Romania’s leu extended early losses against the euro in mid trade Thursday and the central bank’s reference lost nearly 0.3% on the day at 4.2372 units, the weakest rate in the past six months.
Romanian Leu’s Exch Rate Hits 6-Mo Low At 4.2372 Vs Euro
17 iun. 2010, 13:32, English

Against the US dollar, the leu’s indicative strengthened 0.45% to 3.4196 units, from 3.453 units Wednesday.

The leu opened flat at 4.232/4.235 per euro, but growing buy orders for euros and the negative sentiment in the region pushed the national currency close to 4.24 units shortly after the opening bell.

At around GMT1000, the leu traded at 4.235/4.238 per euro.

On the money market Thursday, overnight rates fell to 2.2%-2.7% a year, from 3.2%-3.7% a year a day earlier.