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Romanian Leu Opens Up Vs Euro On Positive Reg Sentiment

The Romanian leu opened higher against the euro Thursday, amid a positive sentiment on emerging markets, after US markets closed significantly higher.
Romanian Leu Opens Up Vs Euro On Positive Reg Sentiment
05 mart. 2009, 10:53, English

The leu opened at RON4.2800/RON4.2850 against the euro, higher from Wednesday’s closing value.

Then, at around GMT 0815, the leu was trading at RON4.2790/RON4.2810 against the euro.

The leu closed at RON4.2850/RON4.2900 Wednesday, stronger compared with Tuesday’s closing value at RON4.2975/RON4.2990.

The central bank computed a daily indicative at RON4.2884 against the euro Wednesday, and RON3.4257 against the US dollar. The leu touched a four-year-and ten-month low versus the US dollar.

On the money market Thursday, overnight rates were at 13%-16% a year.