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Leu’s Exchange Rate Firms To New 13-Month High At 4.0735 Vs Euro
04.26.2011
Romania’s leu continued to advance against the euro in mid trade Tuesday and the central bank’s reference strengthened 0.2% to 4.0735 units, reaching a fresh 13-month high.
Romania's leu continued to advance against the euro in mid trade Tuesday and the central bank's reference strengthened 0.2% to 4.0735 units, reaching a fresh 13-month high.
Against the US dollar, the leu's indicative won nearly 0.6% on the day to 2.7862 units. It is the strongest rate since December 2008.
The leu opened flat at 4.079/4.08 per euro and further gained ground, amid a positive sentiment in the region.
At around GMT1000, the leu traded at 4.0735/4.075 per euro, after hitting an early high of 7.015 per euro.
On the money market, overnight rates were at 5.6%-6.1% a year, from 5.9%-6.4% a year in the previous session.