Friday, the leu’s rates were at 4.5848 per euro and 3.7438 per dollar.
The national currency weakened by 3.4% against the euro over the past two weeks amid political tensions, despite constant interventions from the central bank. Since January, the leu fell 6.5% versus the euro.
Market participants said the central bank is less aggressive than in the past and estimate the leu could decline further in the absence of a stronger stance.
The leu opened at 4.5995/4.603 per euro Monday, from 4.5925/4.595 per euro at Friday close. It further depreciated, hitting a record low of 4.624 in interbank trading soon after the central bank announced today’s fixings.
“After this level, large sell orders for euros were placed; they could come from the central bank,” said one dealer.
The leu appreciated slightly to 4.6185/4.6215 per euro for a short period, but returned to losses and hit a fresh low of 4.6325 to the euro. At presstime, the leu traded at 4.63/4.635 per euro.
In the money market, overnight rates were at 0.9%-1.4% a year, slightly lower on the day.