The leu opened at 4.58/4.582 per euro, similar to Tuesday closing values, but it further lost ground, and traded at 4.5870/4.5895 versus the euro at 10:10 a.m.

According to dealers, the traded volumes were low in the first hour of trading, while foreign currency in the regions were trading in a narrow range.

On Tuesday, the leu’s reference rate weakened to 4.5694 to the euro, from a two-week high of 4.5559 per euro Monday. Against the US dollar, the leu’s indicative lost 0.4% on the day to 3.7242 units.

In the money market Wednesday morning, overnight rates stood flat at 4.75%-5.25% a year.