Wednesday, the leu closed at 4.458/4.4615 per euro.
The leu opened flat at 4.459 to the euro and stayed around that level during early trading hours. In the second half of the session, the leu depreciated to an intraday low of 4.475 to the euro.
The central bank’s reference for the leu weakened 0.25% on the day to 4.4669 per euro, ending a seven-day winning streak.
The leu’s indicative won 1.86% versus the euro in the past seven sessions. Central bank governor Mugur Isarescu said earlier this week that the leu has strengthened after the Finance Ministry exchanged part of its foreign currency holdings at the central bank, which in turn sold euros on the money market.
In the money market, overnight rates were at 3.4%-3.9% a year, slightly lower on the day.