Romanian Leu Hits 2-Week High Vs Euro, Dealers Suspect Ctrl Bk Intervention

"Besides the fact that the leu appreciated along with regional currencies, it seems that the National Bank of Romania was again present in the market,” said a dealer with a foreign bank in Bucharest.

 

The leu closed at 3.67/6750 to the euro, compared with 3.7240/7250 on Thursday.

 

The leu opened at 3.7080/7100 to the euro, the day’s low against the European currency, and touched a day’s high at 3.6670 against the euro.

 

On the money market, overnight rates were at 8.75/9.25%.