The national currency entered a downward path versus the euro in May, due to political turmoil following the government’s collapse in a no-confidence motion.
The leu’s evolution has also been negatively affected by external pressure due to the eurozone crisis and the escalating situation in Greece, which drove a batch of currencies in the region lower against the euro.
Thursday morning, the leu appreciated to 4.43 per euro, from around 4.44 per euro a day earlier, in line with its peers in the region.
According to ING analysts, the central bank stepped in to prop the national currency, but it had only a minor role so far in steering the exchange rate. Short of a clear intervention in the market from the central bank, the leu is likely to weaken again in the coming period, ING said.