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Romanian Leu Exch Rate Hits 5-Mo Low At 4.2051 Vs Euro

Romania’s leu retreated against the euro in mid trade Friday and the central bank’s reference lost 0.45% on the day at 4.2051 units, the weakest rate since January 5.
Romanian Leu Exch Rate Hits 5-Mo Low At 4.2051 Vs Euro
04 iun. 2010, 13:28, English

Against the US dollar, the leu’s indicative weakened 1.25% at 3.4499 units, from 3.4072 units on Thursday.

The leu opened slightly lower on the day at 4.1945/4.196 per euro, from 4.193/4.194 per euro at closing Thursday, and traded in narrow ranges throughout the morning, on low volumes.

At around GMT1000, the leu pushed over the 4.2 units threshold and traded at 4.2035/4.2065 per euro.

On the money market Friday, overnight rates fell to 5%-5.5% a year, from 5.6%-6.1% a year a day earlier.