The leu opened up at 4.228/4.23 per euro, from 4.2395/4.24 per euro at Tuesday’s closing. It later lost ground and at around 10:15 traded at 4.236/4.238 per euro.
Romania’s central bank set the leu’s reference at 4.241 per euro Tuesday, 0.5% stronger on the day. The leu also gained against the Swiss franc, strengthening nearly 1% from an all-time low of 3.5396 Monday.
On the money market Wednesday morning, overnight rates were at 2.7%-3.2% a year.