The leu opened up at 4.4025/4.4045 per euro, from 4.4065/4.409 per euro at Monday close. However, it soon started to lose ground and at around 10:10 am traded at 4.41/4.4115 to the euro.
The central bank set the leu’s reference at 4.4098 versus the euro Monday, stronger on the day. Against the US dollar, the leu’s indicative won 0.9% on the day to 3.3894 units.
In the money market Tuesday morning, overnight rates were at 1.2%-1.7% a year.