The leu opened at 4.392/4.394 per euro and traded near 4.39 to the euro in the first half of the session, amid improved investor sentiment following an announcement that Romania had concluded negotiations for a new loan agreement with the International Monetary Fund.
In the second half of the day, the local currency hit an high of 4.383 to the euro.
The central bank set the leu’s reference at 4.3907 versus the euro, 0.2% stronger on the day. Against the US dollar, the leu’s indicative gained modestly to 3.3081 units, versus 3.3111 units in the previous session.
In the money market, overnight rates dipped to 4%-4.5% a year, from 4.3%-4.8% a year Monday.