The leu opened at 4.36/4.363 per euro, from 4.358/4.36 per euro at Monday’s closing. It continued to lose ground and hit an early low of 4.3695 per euro.
Market participants suspect the central bank stepped into the market to prevent the leu from depreciating further.
At around 10:20 hours, the leu traded at 4.367/4.369 to the euro.
The central bank set the leu’s reference at 4.3532 to the euro Monday, the weakest rate in five weeks.
On the money market Tuesday morning, overnight rates were down on the day at 2%-2.5% a year.