According to dealers, the central bank might step in to temper a further appreciation of the Romanian currency.
The leu opened at 4.353/4.355 per euro, slightly stronger from 4.3565/4.3575 per euro at Monday’s close. In the first hour of trading, the leu traded at 4.3515/4.356 per euro.
The central bank set the leu’s reference at 4.3552 against the euro Monday, the strongest rate in six weeks.
In the money market Tuesday morning, overnight rates were at 1.25%-2% a year.