The leu closed at 4.356/4.358 per euro, from 4.3625/4.364 per euro a day earlier.
Elsewhere in the region, the Polish zloty was losing 0.4% versus the euro, while the Hungary’s forint was down 0.6% on the day.
The leu opened 4.359/4.36 per euro, fro, 4.3625/4.364 per euro at Tuesday close. It further appreciated, and at around 10:15 am traded at 4.3525/4.3535 to the euro.
Market participants said investor sentiment improved after the statistics institute announced it has revised slightly upward its forecast on the 2012 economic growth. Romania’s GDP expanded 0.3% year-on-year in 2012, compared with a growth of 0.2% previously reported.
Euro demand later pushed the leu lower versus the euro, but the currency recovered in late trade.
The central bank set the leu’s reference at 4.3615 to the euro, modestly lower on the day. However, the leu inched higher against the US dollar, with the indicative reaching 3.3474 units, compared with 3.3478 units in the previous session.
In the money market, overnight rates were at 4.7%-5.2% a year, slightly down from 4.8%-5.3% a year Tuesday.