Against the Swiss franc, considered a safe haven by investors in times of financial turmoil, the leu’s indicative fell to a fresh all-time low of 3.6921 units.
The leu also retreated against the US dollar, losing nearly 3% on the day at 3.0794 units. It is the lowest rate against the greenback since February 23.
The national currency opened down at 4.255/4.257 per euro, from 4.25 per euro at Monday’s closing. It further lost ground and touched an early low of 4.293 per euro, amid growing worries about the European debt crisis.
By noon, however, the leu’s depreciation had cooled off and at around 13:00 local time it traded at 4.281/4.284 to the euro.
Elsewhere in the region, the Polish zloty was down 1% versus the European common currency, while the Hungary’s forint was losing 0.5%.
On the money market, overnight rates rose to 2.7%-3.2% a year, from 2.4%-2.9% a year Monday.