The leu closed at 4.4765/4.4795 to the euro, from 4.494/4.496 per euro Tuesday. The market was closed Wednesday due to a religious holiday.
The currency opened up at 4.485/4.487 per euro and further appreciated to an early high of 4.482 to the euro before returning toward 4.49 per euro around noon. In the second half of the day, the leu reversed trend once again and remained below 4.48 against the euro until closing.
The central bank set the leu’s reference at 4.4924 versus the euro, the strongest rate in six weeks. Against the US dollar, the leu’s indicative weakened modestly to 3.6611 units, from 3.6569 Tuesday.
In the money market, overnight rates were flat at 5.7%-6.2% a year.