The leu opened at 4.1835/4.1855 per euro and further lost ground, amid a negative sentiment in the region after Moody’s cut Portugal’s rating to “junk”. The ratings agency warned the authorities in Lisbon might need more international aid before it could borrow at reasonable costs again.
The central bank set the leu’s reference at 4.2022 per euro, nearly 0.5% lower on the day.
On the money market, overnight rates fell to 2.9%-3.4% a year, from 3.4%-3.9% a year in the previous session.