The leu closed at 4.4405/4.4425 per euro, from 4.4425/4.4435 per euro Monday.
Elsewhere in the region, the leu’s peers were losing ground versus the euro after Greece announced a new round of early elections because political parties couldn’t reach an agreement to form a government.
The leu opened down at 4.448 per euro, from 4.4425/44.35 per euro at Monday’s close. It later gained ground, hitting an early high of 4.4385 per euro, amid speculations of covert interventions from the central bank to keep the leu from weakening too much.
The leu’s exchange rate fell for the third straight day to a fresh all-time low of 4.4411 against the euro. Against the US dollar, the leu’s indicative retreated 0.3% to 3.4576 units, the weakest level since July 1, 2010.
The national currency entered a downward path versus the euro in May, due to political turmoil following the government’s collapse in a no-confidence motion.
Although the new government committed to carry on fiscal and economic reforms initiated under a EUR5 billion international loan package, the leu continues to trade around 4.44 per euro, also due to mounting external pressure.
On the money market, overnight rates were at 4.3%-4.8% a year, from 3.8%-4.3% a year Monday.