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Romania Leu Falls Vs Euro, Exch Rate Hits 5-Wk Low At 4.1094

The Romanian leu edged lower against the euro in mid trade Thursday, driven by growing sales of hard currency, and the central bank’s reference lost 0.3% on the day to 4.1094, the lowest rate in five weeks.
Romania Leu Falls Vs Euro, Exch Rate Hits 5-Wk Low At 4.1094
01 apr. 2010, 13:32, English

For the US dollar, the leu’s indicative reached 3.044, little changed from 3.0422 on Wednesday.

The leu opened flat at 4.092/4.095 against the euro but started to lose ground shortly after, with dealers suspecting an indirect intervention from the central bank to weaken the leu.

At around GMT1000, the leu traded at 4.107/4.108 per euro.

On the money market Thursday, overnight rates fell to 3.2%-3.7% a year, from 3.6%-4% a year the day before.