Against the US dollar, the leu’s indicative won 0.5% on the day to 3.1542 units.
The leu opened up at 4.345/4.347 per euro, from 4.3475/4.35 per euro at Tuesday’s closing. It further appreciated and hit an early high of 4.339 per euro, before turning to losses.
Around noon, the leu traded at 4.347/4.349 to the euro, after the central bank’s decision to lower its key rate by a quarter-point to 6% a year. It is the first cut in the last year and a half.
On the money market, overnight rates fell to 5.1%-5.6% a year, from 5.3%-5.8% a year Tuesday.