The leu closed at 4.4135/4.415 per euro, from 4.412/4.415 per euro in the previous session. Monday, the leu shed 0.5% against the euro amid a negative sentiment in the region after news that Cyprus would tax depositors as part of a bailout program negotiated with eurozone leaders.
The currency opened at 4.409/4.411 per euro Tuesday and traded below 4.41 per euro in the first half of the day. In the afternoon, the leu weakened above that level and hit the day’s low of 4.415 to the euro around closing.
The central bank set the leu’s reference at 4.4078 versus the euro, slighlty stronger from a ten-week low of 4.417 units a day earlier. Against the US dollar, the leu’s indicative gained modestly to 3.4078 units.
In the money market, overnight rates were flat at 1%-1.5% a year.