Tuesday, the leu closed at 4.58/4.582 per euro.
The national currency opened flat on the day versus the euro but started to lose ground shortly after, trading near 4.59 per euro in the first half of the session. In the afternoon, commercial orders for euros drove the leu to a low of 4.602 to the euro. However, volumes remained below average, market participants said.
The leu’s exchange rate weakened to 4.5885 per euro, from 4.5694 to the euro Tuesday. Against the US dollar, the leu’s indicative retreated 0.12% on the day to 3.7285 units.
In the money market, overnight rates were flat at 4.8%-5.3% a year.