The leu opened at 4.51 per euro, down 0.23% from 4.4995/4.5 per euro at Wednesday close, and shortly after 10:00 local time (GMT0800), it was trading at 4.524/4.527 versus the euro. It further depreciated, hitting an early low of 4.53 to the euro.
The central bank set the leu’s reference at 4.4916 versus the euro, units, from 4.4873 units in the previous session. Against the US dollar, the leu’s indicative was 3.2674 units, marginally stronger on the day.
In the money market Thursday morning, overnight rates fell sharply at 0.5%-1.25% a year.