Romanian Leu Eases vs Euro in Calm Trading

The leu ended at 4.2440/2470 per euro, compared to 4.2410/2430 per euro on Tuesday.

The leu, along with the other emerging currencies in the region, eased in the early trading mirroring the stock markets but later in the day failed to imitate their recovery, one dealer told SeeNews.

The Romanian central bank, BNR, set its reference exchange rate at 4.2463 per euro on Wednesday, compared to 4.2382 per euro on Tuesday. For the U.S. dollar, the BNR set the reference exchange rate at 2.9299 versus Tuesday’s 2.9292.

Turnover on the interbank leu deposit market fell to some 1.917 billion lei on Tuesday from 2.045 billion lei on Monday. The BNR will issue Wednesday’s turnover figures on Thursday.

Interest rates on overnight leu deposits fell to 8.19%/8.69% on Wednesday from 8.50%/9.00% on Tuesday.