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Romanian Leu Up Vs Euro, Exch Rate At 4.2285

Romania’s leu edged higher against the euro in mid trade Thursday, tracking regional markets, and the central bank’s reference strengthened slightly to 4.2285 units.
Romanian Leu Up Vs Euro, Exch Rate At 4.2285
08 iul. 2010, 13:25, English

Against the US dollar, the leu’s indicative won 0.7% on the day at 3.3414 units, from 3.3653 Wednesday.

The leu opened higher on the day at 4.2255/4.2285 to the euro, but later reversed trend and traded around 4.232 units per euro, similar to Wednesday’s closing value.

By mid-session, the leu had shifted course again and at around GMT1000 traded at 4.2275/4.228 against the European common currency.

On the money market Thursday, overnight rates were at 2.3%-2.8% a year, down from 2.8%-3.3% a year the day before.