Romanian Leu Hits Fresh 10-Month High At 4.1869 Vs Euro

Romania’s leu surged against the euro in mid-trade Tuesday on a positive sentiment in the international markets and the central bank’s reference rate gained almost 0.5% to 4.1869 units, from 4.2065 units in the previous day.

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However, the leu's rally against the US dollar came to an end, as the central bank's indicative weakened 0.2% to 3.0071 units, from 3.0001 units on Monday.

The leu opened slightly up at 4.192/4.193 to the euro, from 4.196/4.2 to the euro at Monday's closing. It extended its gains in line with the regional trend, and touched an early high at 4.188/4.19 per euro.

It gained even more ground in mid-session, on low volumes, and traded at 4.185/4.1875 versus the euro by GMT1100.

On the monetary market Tuesday morning, overnight rates fell to 4.8%-5.3% a year, from 5%-5.5% a year in the previous session.

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