Romanian Leu Exch Rate Hits 10 1/2 Months High At 4.1439 Vs Euro

Romania’s leu extended early gains against the euro in mid trade Tuesday and the central bank’s reference strengthened 0.6% on the day to 4.1439 units, from 4.1685 units a day earlier.

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It is the strongest reference rate since May 4, 2010, when the leu was quoted at 4.1352 to the euro.

Against the US dollar, the leu's indicative won 1.1% on the day at 2.9093 units, the strongest rate since January 25, 2010.

The leu opened higher at 4.159/4.16 per euro, from 4.16/4.161 at Monday's closing.

It continued to gain ground in the first part of Tuesday's session, in line with the regional trend, on a positive sentiment on the international markets. The leu traded at 4.14/4.143 to the euro at around GMT1100.

On the money market, overnight rates were barely changed at 2.3%-2.8% a year.

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