The local currency opened at 4.445/4.447 per euro and traded near those levels in the first half of the session. It weakened in the second part of the day, amid growing volumes, and hit a low of 4.461 to the euro before returning toward 4.44 units.
The central bank set the leu’s reference at 4.4399 versus the euro, the lowest rate in three weeks. However, the leu’s indicative strengthened against the US dollar to 3.3254 units, from 3.3365 units in the previous session.
The leu lost 0.8% against the euro Wednesday, amid a negative sentiment in the region and following comments from the central bank pointing to further rate cuts.
In the money market Thursday, overnight rates were at 1.9%-2.4% a year, slightly lower on the day.