Against the US dollar, the leu’s indicative lost 0.8% on the day to 3.5827 units. The leu continued to weaken against the Swiss franc as well, trading at 3.7279 units, the lowest rate in the past 10 months.
The leu opened flat on the day at 4.4735/4.4750 per euro, but further lost ground, amid political uncertainty.
At around 1:00 pm, the leu traded at 4.4805/4.482 per euro, after hitting an early low of 4.485 per euro.
Romanian lawmakers met earlier Thursday to hear a request for President Basescu’s impeachment filed by the ruling USL coalition. The MPs will reconve Friday to vote whether to depose Basescu or not.
In the money market, overnight rates were flat at 4.9%-5.4% a year.