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Romanian Leu Strengthens Vs Euro, Exch Rate At RON4.1179

The Romanian leu traded stronger against the euro at mid trade Wednesday and the central bank’s reference rate touched the week’s high at RON4.1179 to the European currency, from RON4.1319 the day earlier.
Romanian Leu Strengthens Vs Euro, Exch Rate At RON4.1179
27 ian. 2010, 13:35, English

For the US dollar, the indicative was set at RON2.9273, 0.36% stronger on the day.

The leu opened at RON4.1240/RON4.1270 against the euro, higher from Tuesday’s closing value at RON4.1275/RON4.1305.

Then, at around GMT0800, the leu traded at RON4.1140/RON4.1170 against the euro.

The International Monetary Fund said Wednesday it would release in February EUR2.3 billion of the EUR13 billion stand-by loan, as the program agreed with the fund is broadly on track.

Dealers said the announcement had no impact on the market, as it was already priced in, so that the leu traded at RON4.1155/RON4.1180 per euro at GMT1100.

On the money market Wednesday, overnight rates were at 7.69%-8.19% a year, up on the day.