The leu opened at 4.414 to the euro, the day’s high, and lost ground in the morning, reaching a low at 4.4285 units. In the second half of the session, the leu’s variations were milder, as euro gained after the statements of Mario Draghi, the head of the European Central Bank, who said the bank doesn’t target the euro’s exchange rate.
The leu closed at 4.4163 to the euro on Tuesday.
Romania’s central bank set the leu’s reference rate at 4.4202 per euro, 0.22% weaker on the day.
On the money market, overnight rates were down to 0.5%-0.9% a year, from 0.6%-1% the previous day.