The leu opened at 4.4870/4.4900 per euro, higher from 4.489/4.491 to the euro at Tuesday close.
At around 10:15 am, the leu lost ground and traded at 4.5000/4.5050 versus the euro, pushed by sales from commercial lenders.
The central bank Tuesday set the leu’s reference at 4.4907 against the euro, slightly weaker on the day. Against the US dollar, however, the leu’s indicative gained 0.26% to 3.5635 units.
In the money market Wednesday morning, overnight rates were at 5%-5.5% a year.