Against the US dollar, the leu’s indicative lost 0.75% on the day to 3.1855 units.
The leu opened modestly lower at 4.355/4.357 per euro, from 4.3535/4.355 per euro at Tuesday’s closing.
It traded between a high of 4.353 per euro and a low of 4.3606 per euro in the first half of the session and dealers suspect the central bank may have stepped in to stop the leu from depreciating too much.
“The volumes were above regular averages. It’s highly likely that the central bank has hit the brakes, after the cost of Italian debt rose above 7% a year, sending a negative signal to the markets,” said one dealer.
Elsewhere in the region, the leu’s peers were losing up to 1.2% against the euro.
On the money market, overnight rates were almost flat at 4.8%-5.3% a year.