Romania’s leu recovered early losses against the euro in late trade Thursday and closed flat on the day at 4.087/4.089 units, in an uneventful session.
Elsewhere in the region, the leu’s peers were gaining modestly versus the euro.
The leu opened flat on the day, but started to retreat shortly after, hitting an early low of 4.095 units. It later reversed trend and traded below 4.09 units for the reminder of the day.
Romanian central bank set the leu’s reference at 4.0906 to the euro, slightly weaker from 4.0858 to the euro Wednesday.
On the money market, overnight rates nudged down to 2.3%-2.8% a year, from 2.4%-2.9% a year Wednesday.