Midday Forex: Leu slightly lower against euro

The National Bank of Romania set a reference rate of 4.2234 lei/euro, up 0.17% from Friday, after poor morning trade in the inter-bank market.
On Friday, the central bank set a reference rate of 4.2163 lei/euro.

After the sudden drop on Friday night, the leu opened lower in the morning trade, at 4.2340 lei/euro. AT noon, the national currency managed to partially recoup early losses and rose to 4.2220 lei/euro. At 13:05, banks were trading a euro for 4.2230 lei.

In the region, the Polish zloty had a poor start but grew afterwards from 4.1150 to 4.07 zloty/euro. The Hungarian forint dropped in the morning from 281.20 to 282.30 versus euro, but recouped the lost ground at noon and increased to 278.60 forints/euro.

Versus the U.S dollar, the National Bank of Romania set a reference rate of 3.4460 lei/dollar, down 0.91% from 3.4775 lei/dollar on Friday.

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