The leu closed at 4.285/4.288 per euro, from 4.283/4.285 per euro Tuesday.
It opened flat on the day and further lost ground, hitting an early low of 4.292 per euro after Moody’s cut Ireland to junk status. It later changed trend, following better-than-expected data from China, only to switch gear once again, amid renewed fears about the European sovereign debt crisis.
The leu hit this year’s low of 4.2999 per euro toward the closing bell.
The central bank set the leu’s reference at 4.2748 to the euro, slightly stronger on the day. Against the US dollar, the leu’s indicative strengthened 1.53% at 3.0323 units.
On the money market, overnight rates fell to 2.5%-3% a year, from 2.7%-3.2% a year Tuesday.