Thursday, the leu won around 1% versus the European common currency and closed at 4.3625/4.368 per euro. Market participants said the leu’s appreciation was largely supported by sales from non-residents who changed euros to buy state treasuries at a local debt auction.
The leu opened at 4.3685/4.37 per euro and further lost ground, trading above 4.38 per euro for most part of the session.
The central bank set the leu’s reference at 4.3802 against the euro, weaker compared to an eight-month high of 4.3753 to the euro in the previous day. However, the leu’s indicative won 1.15% on the day at 3.301 versus the US dollar, the strongest rate since April 3, 2012.
In the money market, overnight rates were at 5.5%-6% a year.