The leu closed at 4.2675/4.27 per euro, from 4.289/4.2915 per euro a day earlier.

It opened down at 4.3075/4.3095 to the euro and traded just below 4.3 to the euro for the first half of the session. Shortly after the ECB announced plans to launch three-month loans in US dollars, the leu turned to gains and hit the day’s high of 4.26 to the euro.

The ECB said will launch the dollar loans in cooperation with the US Federal Reserve, the Bank of England, the Bank or Japan and the Swiss National Bank.

The leu’s exchange rate fell to 4.294 per euro Thursday, a new low this year. Against the US dollar, however, the leu’s indicative won 0.7% on the day at 3.1127 units.

On the money market, overnight rates rose to 4.8%-5.3% a year, from 4.5%-5% a year a day earlier.

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