The leu closed at 4.422/4.233 per euro, 0.4% lower on the day. Elsewhere in the region, the Polish zloty was losing 0.37% versus the euro, while the Hungary’s forint was down 1.1%.
The leu opened at 4.41/4.411 per euro, from 4.405/4.407 per euro at Tuesday close. It further lost ground and market participants say a London-based player has launched aggressive orders for euros in the market, driving the leu to a low of 4.426 per euro.
“The central bank attempted to mitigate the leu’s fall, but the London player was determined to push the leu lower,” said one dealer.
The central bank set the leu’s reference at 4.416 to the euro, 0.3% weaker on the day. Against the US dollar, the leu fell to 3.4031 units, the lowest rate since January 16.
On the money market, overnight rates were slightly down on the day ay 3.8%-4.3% a year.