However, the leu inched higher against the US dollar, with the indicative reaching 3.3474 units, compared with 3.3478 units in the previous session.
The leu opened 4.359/4.36 per euro, from 4.3625/4.364 per euro at Tuesday close. It further appreciated, and at around 10:15 am traded at 4.3525/4.3535 to the euro.
Market participants said investor sentiment improved after the statistics institute announced it has revised slightly upward its forecast on the 2012 economic growth. Romania’s GDP expanded 0.3% year-on-year in 2012, compared with a growth of 0.2% previously reported.
Around noon, however, the leu traded near 4.36 to the euro. Elsewhere in the region, the leu’s peers were losing up to 0.4% versus the European common currency.
In the money market, overnight rates were at 4.7%-5.2% a year, slightly down from 4.8%-5.3% a year Tuesday.