Tuesday, the leu closed at 4.428/4.429 per euro.
The leu opened at 4.425 per euro and traded near 4.43 to the euro for the first part of the day, in a quiet market. In the second half of the session, the leu hit a low of 4.439 to the euro.
Market participants said investors had no reaction to news of a lower-than-expected economic growth in the second quarter. Romania’s economic growth slowed sharply to 1.3% in the April-June period, after an annual increase of 2.2% a quarter earlier, a flash estimate of the country’s statistics institute showed earlier Wednesday.
In the first six months of 2013, the gross domestic product expanded at an annualized rate of 1.7%. Analysts had expected an economic growth of around 2%.
The central bank set the leu’s reference at 4.4278 per euro, slightly weaker on the day. Against the US dollar, the leu’s indicative lost 0.6% on the day to 3.3435 units.
In the money market, overnight rates were at 1.46%-1.96% a year, modestly lower on the day.