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Romania Leu’s Exch Rate Hits New 6-Mo Low At 4.2448 Vs Euro

Romania’s leu retreated against the euro in mid trade Friday and the central bank’s reference lost nearly 0.2% on the day to a new six-month low at 4.2448 units.
Romania Leu’s Exch Rate Hits New 6-Mo Low At 4.2448 Vs Euro
18 iun. 2010, 13:18, English

A weaker rate, of 4.2459 per euro, was computed on December 16 2009.

Against the US dollar, the leu’s indicative fell 0.3% to 3.4299 units, from 3.4196 units Thursday.

The leu opened slightly up at 4.233/4.4236 per euro, but started to lose ground shortly after.

„The currencies in the region are losing slightly versus the euro as well, while the local market registers low trade volumes,” said one dealer.

At around GMT1000, the leu traded at 4.246/4.248 per euro.

On the money market Friday, overnight rates were at 2.1%-2.6% a year, slightly down on the day.