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Romania Leu Up Vs Euro, Exch Rate At 4.2613

Romania’s leu extended early winnings against the euro in mid trade Monday, and the exchange rate strengthened over 1% on the day at 4.2613 units.
Romania Leu Up Vs Euro, Exch Rate At 4.2613
05 iul. 2010, 13:23, English

Against the US dollar, the leu’s indicative won 1.2% at 3.4001 units, from 3.4414 units Friday.

The leu opened stronger on the day at 4.285/4.29 to the euro amid growing investors’ confidence after the International Monetary Fund approved the disbursement of a new loan tranche to Romania, worth EUR913 million.

At around GMT1000, the leu traded at 4.262/4.263 per euro, after hitting an intraday high at 4.2615 units.

On the money market Monday, overnight rates were at 4.2%-4.7% a year, down on the day.