The leu opened at 4.4650/4.4670 per euro, weaker from Tuesday’s closing level of 4.4534/ 4.4540. It touched an early low at 4.4720/4.4730 against the euro, following euro purchase orders by investors in London.
At around 10:00 local time (GMT0700), the leu traded at 4.4685/4.4705 against the euro, after some local banks placed several euro selling order.
“The central bank most probably intervenes on the market by indirectly selling euros to ease down the leu’s decreasing trend. It is very likely the leu remains near the 4.47 threshold until the fixing (e.n.setup of the leu’s reference rate),” a dealer said.
The central bank Tuesday set the leu’s reference at 4.4505 to the euro, slightly weaker on the day. Against the US dollar, the leu’s indicative lost 0.4% to 3.5347 units.
In the money market Wednesday morning, overnight rates were flat at 4.8%-5.3% a year.