The leu opened at 4.372/4.375 per euro, from 4.3715/4.3735 per euro at Monday close. After the first hour, the currency traded near 4.375 to the euro.
The leu retreated 0.3% versus the euro Monday, amid a negative sentiment in the region following actions of the new head of the Hungarian central bank to consolidate his authority.
The Hungarian currency fell to its lowest level in 10 months after governor Gyorgy Matolcsy amended the constitution to reduce the influence of his deputies.
Romania’s central bank set the leu’s reference at 4.3643 to the euro Monday, 0.2% lower ob the day. Against the US dollar, the leu’s indicative shed 1.15% to 3.3556 units.
In the money market Tuesday morning, overnight rates were at 4.5%-5% a year.