The leu opened at 4.3/4.303 per euro, from 4.292/4.294 per euro at Wednesday’s closing. It further lost ground and hit an early low of 4.31/4.312 per euro before recovering some of its losses, with dealers suspecting an intervention from the central bank.
However, the rebound was only temporary and the leu traded above 4.3 per euro for the reminder of the session.
The central bank set the leu’s reference at 4.3081 to the euro, the lowest rate this year. Against the US dollar, the leu’s indicative lost almost 2% to 3.1978 units.
On the money market, overnight rates fell slightly to 2%-2.5% a year, from 2.2%-2.7% a year Wednesday.