The leu closed at 4.448/4.45 per euro, from 4.451/4.4515 per euro in the previous session.

Elsewhere in the region, the leu’s peers were losing up to 0.7% versus the euro as investor sentiment turned negative after both Spain and Italy sold debt at higher interest rates compared with previous auctions.

The leu opened down at 4.447 per euro. It appreciated to an early high of 4.4433 per euro, but later lost ground and traded slightly above 4.45 per euro before changing course once more in the afternoon.

The central bank set the leu’s reference at 4.4508 units, weaker from a five-week high of 4.4441 units a day earlier. Against the US dollar, the leu’s indicative dropped 0.7% to 3.581 units.

On the money market, overnight rates were barely changed at 4%-4.5% a year, from 4.1%-4.6% a year in the previous day.

Subiecte #EURO#LEU