The leu closed at 4.397/4.398 to the euro, from 4.375/4.3755 to the euro at Tuesday closing.
It had opened at 4.379 and afterwards gradually weakened throughout the session. It touched the day’s low at 4.4 units in the second half of the trading session, as the high demand for hard currency could not be met by non-residents’ euro sales.
However, some dealers said foreign investors could find the current levels attractive and launch euro sale orders in the coming days.
The central bank set the leu’s reference rate at 4.3837 per euro, about 0.2% weaker on the day.
On the money market, overnight rates fell to 2.75%-3.25% a year, from 4.5%-5% a year Tuesday.