The leu opened at 4.25 per euro, from 4.2445/4.249 per euro at Monday’s closing. It further lost ground, pushed down by demand for foreign currency, hitting an early low of 4.2666 per euro.

At around 10:00 local time (GMT0700), the leu traded at 4.2581/4.259 to the euro.

Elsewhere in the region, the Hungary’s forint was losing 0.3% versus the euro, while the Polish zloty was down 0.5%.

The central bank set the leu’s reference at 4.2429 to the euro Monday, slightly weaker on the day.

On the money market Tuesday morning, overnight rates were at 4%-4.5% a year.

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