The leu traded at 4.398/4.399 to the euro at closing time, from 4.412 to the euro on Tuesday.

The leu slid against the euro in the morning, nearing the 4.42 level, but the mood changed in the afternoon, after Russian President Vladimir Putin confirmed he talked with his Ukrainian counterpart about ending the fights in eastern Ukraine.

The other currencies in the region gained versus the euro as well, and banking dealers said the volumes were higher than in the previous days.

Romania’s central bank set the reference rate at 4.406 per euro, little changed from 4.4054 per euro Tuesday.

On the money market, overnight rates were at 2%-2.5% a year.

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