Wednesday, the leu closed at 4.4905/4.493 to the euro.
The currency opened modestly lower on the day at 4.492 per euro, but further appreciated, hitting an intraday high of 4.482 to the euro. In the afternoon, the leu turned to losses and traded around 4.49 per euro until closing.
The central bank set the leu’s reference at 4.487 to the euro, slightly higher on the day. Against the US dollar, the leu’s indicative won 0.7% to 3.5729 units.
In the money market Thursday morning, overnight interest rates rose to 9.25%-9.5% a year, from 4.8%-5.3% a year Wednesday, due to liquidity shortage. The rates fell below 8% a year in the second half of the session.