The local currency opened flat against the euro and hit a high of 4.41 per euro in the morning, amid a positive sentiment in the region. It depreciated modestly toward 4.42 to the euro and stayed near that level for most of the session.
The central bank set the leu’s reference at 4.4298 to the euro, slightly stronger on the day. Against the US dollar, the leu’s indicative won almost 2% to 3.395 units, from a seven-and-a-half-month low of 3.4628 units Wednesday. The leu’s rate versus the greenback is computed based on the leu/euro and the euro/dollar exchange rates.
In the money market, overnight rates fell to 3.3%-3.8% a year, from 3.9%-4.4% a year Wednesday.