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Romania Leu Widens Losses, Exch Rate Hits 14-Wk Low At 4.1597

Romania’s leu extended early losses against the euro in mid trade Monday and the central bank’s reference lost 0.4% on the day to a 14-week low at 4.1597 to the European common currency.
Romania Leu Widens Losses, Exch Rate Hits 14-Wk Low At 4.1597
19 apr. 2010, 13:21, English

A weaker rate, of 4.1679 per euro, was set on January 8.

Against the US dollar, the leu’s indicative reached 3.0961, down 1.26% from 3.0576 Friday.

Romania’s leu opened lower versus the euro, tracking its peers in the region which retreated in the morning following news on U.S. Goldman Sachs being investigated for fraud.

The leu opened at 4.15/4.153 to the euro, from 4.1435/4.145 per euro at closing Friday.

On the money market Monday, overnight rates were flat at 2.2%-2.7% a year.