The leu closed at 4.4355/4.4385 per euro, 0.1% weaker from 4.4305/4.4315 per euro Wednesday.
The local currency opened at 4.428 versus the euro and strengthened to an eight-month high of 4.42 per euro in early trading before turning to losses after the central bank’s governor said the economic performance in the first months of the year doesn’t justify the leu’s appreciation.
The bank’s chief said the leu has strengthened against the euro amid increased demand for bonds from foreign investors and growing cash flows from Ukraine and Russia.
The leu’s reference firmed to 4.434 to the euro, from 4.4352 per euro Wednesday. Against the US dollar, the indicative won 0.2% on the day to 3.1799 units, a new record level in two and a half years.
In the money market, overnight rates were at 2.24%-2.74% a year.