Wednesday, the leu closed at 4.372/4.373 per euro.
The currency opened flat on the day and hit a low of 4.38 to the euro in early action, amid reduced appetite from investors. It later returned toward 4.375 per euro and hovered around that level for the first half of the session.
In the afternoon, leu strengthened more visibly against the euro as foreign investors exchanged hard currency following a bond auction organized by the finance ministry.
The ministry sold 1.1 billion lei (EUR251 million) in 10-year treasury bonds, above the planned amount, with the average yield dropping to 5.71% a year, the lowest level on record for such a maturity.
The central bank set the leu’s reference at 4.3724 to the euro, marginally higher on the day. Against the US dollar, the leu’s indicative retreated slightly to 3.2812 units.
In the money market, overnight rates were at 5.3%-5.8% a year.