The leu opened at 4.455/4.457 to the euro, from 4.4525/4.454 to the euro at Tuesday closing.
It continued to lose ground and touched an early low at 4.464 units, and dealers believe the official exchange rate could touch another all-time low today if the central bank doesn’t step in to propr the national currency.
The central bank set Tuesday the leu’s reference rate at 4.4452 per euro, close to the historic low of 4.4463 per euro reached last week.
At around 10:00 local time (GMT0700), the leu traded at 4.463/4.4635 to the euro, while the transferred volumes were higer than the past days’ average.
On the money market, overnight rates were at 1.75%-2.25% a year, slightly down on the day.