The European common currency fell to its lowest level in over three months after elections in the two eurozone nations this weekend, as investors fear that the newly elected officials in might decide not to go on with planned austerity measures.
The leu closed at 4.4025/4.405 per euro, barely changed from 4.403/4.4035 per euro Friday. Elsewhere in the region, the leu’s peers traded down versus the euro.
The central bank set the leu’s reference at 4.4053 to the euro, slightly weaker on the day. Against the US dollar, the leu’s indicative lost almost 0.9% to 3.3821 units, the weakest level in almost four months.
On the money market, overnight rates were slightly down on the day at 3.95%-4.45% a year.