The leu closed down at 4.4165/4.417 to the euro, from 4.408/4.411 per euro Tuesday.
The currency opened roughly flat versus the euro and strengthened below 4.41 to the euro in the first half of the day. However, it soon turned to losses, in line with its regional peers.
Euro dropped to its weakest level in four months against the US dollar Wednesday, with investors concerned that eurozone’s controversial deal with Cyprus would be replicated in future bailouts. Renewed concern over political instability in Italy also added to the downside pressure.
Romania’s central bank set the leu’s reference to 4.4032 to the euro, stronger from 4.411 to the euro a day earlier. However, the leu continued its fall against the US dollar and the indicative was set at 3.4419 units, a fresh low since December 13 last year.
In the money market, overnight rates were at 4.5%-5% a year, slightly down on the day.