The leu is afloat on a wave of optimism generated by the recent agreement for a 20 billion euro external loan to enhance the Romanian economy. Yesterday, the central bank had the leu at 4.2723 over the euro.

The leu started out at 4.24-4.2450 against the euro and then began to lose ground to 4.25. At 10:40 a.m. the euro traded at 4.2510-4.2560 lei.