The leu’s appreciation comes after Fitch Ratings upgraded the country to investment grade Monday, with stable outlook.
The leu opened slightly up at 4.191/4.194 per euro, from 4.1954/4.198 per euro at Monday’s closing. It further gained ground, pushed up by growing demand, and hit the day’s high at 4.174/4.176 per euro.
The central bank set the leu’s reference at 4.1817 to the euro, the strongest rate in three weeks.
On the money market, overnight rates fell slightly to 3.4%-3.9% a year, from 3.6%-4.1% a year in the previous session.