Tuesday, the leu closed at 4.6275/4.63 per euro.
The leu opened flat on the day and further gained ground, hitting the day’s high of 4.606 to the euro. Market participants suspect the central bank has intervened in the morning to support the national currency.
The leu’s exchange rate firmed 0.4% to 4.6186 per euro, from an all-time low of 4.6397 to the euro in the previous session. The leu climbed against the US dollar as well and the indicative was set at 3.804 units, again stronger from a record low of 3.8343 units Tuesday.
In the money market, overnight rates were flat at 4.8%-5.3% a year.