Romanian Leu Falls Vs Euro, Exch Rate At 4.086

Romania’s leu extended early losses against the euro in mid-trade Monday and the central bank’s reference weakened 0.3% to 4.086 units, from 4.0744 units in the previous session.

43 views

The leu declined by some 0.4% against the US dollar and the indicative was set at 2.7527 units, from 2.7408 units Friday.

The leu opened at 4.076/4.079 to the euro, lower than 4.0755/4.0765 to the euro at closing Friday.

Within the first hour, the leu hit an early low at 4.087/4.089 against the euro, following higher demand for foreign currency, but then it returned to 4.0835/4.085 against the euro at around GMT0715.

At around GMT1000, the leu traded at 4.0865/4.088 to the euro.

On the money market, overnight rates fell to 5.1%-5.6% a year, from 5.3%-5.8% a year Friday.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.