The leu closed at 4.456/4.4585 per euro, from 4.4365/4.439 per euro Tuesday.
The local currency opened at 4.437/4.44 to the euro and hit an early high of 4.435 per euro before turning to losses. The leu reached the day’s low of 4.46 to the euro in the second half of the session.
Market participants said investors didn’t react to better-than-expected economic data for the local economy. Romania’s gross domestic product grew at a 1.5% annual rate in the second quarter, faster than initially estimated, revised data from the statistics institute INS showed.
The central bank set the leu’s reference at 4.4461 versus the euro, weaker from 4.4358 per euro a day earlier. Against the US dollar, the leu’s indicative retreated 0.2% to 3.3662 units.
In the money market, overnight rates were at 2.9%-3.4% a year, slightly lower on the day.