The leu closed at 4.5235/4.5255 per euro, from 4.5345/4.5365 per euro Monday. Elsewhere in the region, the Polish zloty was gaining 0.9% versus the euro, while the Hungary’s forint was up 0.3%.
The national currency lost around 2% against the euro since the middle of last week, after the ruling socialist-liberal coalition moved to impeach President Traian Basescu. Friday evening, the lawmakers suspended Basescu, who will face a referendum on July 29.
The leu opened down at 4.5345/4.5365 per euro Tuesday, but later appreciated, with dealers suspecting a covert intervention from the central bank to support the leu.
The central bank set the leu’s reference at 4.45206 to the euro, stronger from an all-time low of 4.5275 to the euro a day earlier. Against the US dollar, the leu’s indicative won 0.5% on the day to 3.6675 units. Monday, the leu traded at a record low of 3.6848 versus the greenback.
In the money market, overnight rates were at 4.9%-5.4% a year, barely changed on the day.