Romanian Leu Slightly Up, Exch Rate At RON4.2265 Vs Euro

The Romanian leu slightly strengthened against the euro in the first trade of the year, and the central bank computed an indicative of RON4.2265 to the euro.

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On December 31, the central bank computed a reference rate of RON4.2282 versus the euro.

The leu opened at RON4.2370/RON4.2400 against the euro Monday, similar with the closing value of December 31. It then gained ground in the first hour of trading, touching an early high at RON4.2180/RON4.22, on a positive sentiment in the region.

According to bank dealers, the positive trend of European bourses and a higher appetite for regional riskier assets supported the leu.

But the Romanian currency lost part of its earlier gains and traded at RON4.2250/RON4.23 against the euro at around GMT1100.

On the money market Monday, overnight rates were at 8.83%-9.33%, up on the day.

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