Leu Widens Loss Vs Euro, Exchange Rate At 4.129

05.25.2011 By Florentina Dragu

Romania’s leu continued to retreat against the euro in mid trade Wednesday and the central bank’s reference weakened to 4.129 units, from 4.1233 units a day earlier.

Against the US dollar, the leu's indicative lost 0.4% on the day at 2.934 units.

The leu opened at 4.123/4.125 per euro, from 4.121/4.123 per euro at Tuesday's closing. Euro sales pushed the leu higher soon after the opening bell, but only for a short time.

At around 13:20 local time, the leu traded at 4.13/4.132 to the euro, after hitting an early low of 4.1325 to the euro.

On the money market, overnight rates fell to 3.8%-4.3% a year, from 4%-4.5% a year Wednesday.

Keywords:
LEU
, EURO
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