The leu opened at 4.24/4.243 to the euro, weaker from 4.2365/4.2385 to the euro at Tuesday closing.
Later, the leu fell to an early low at 4.2585 per euro, following the other currencies in the region, as the Swiss franc surged against the euro on renewed concerns about the sovereign debt problems in several euro-zone countries.
However, the Swiss central bank announced it will take measures against the strong franc and the euro recouped losses shorthly after.
Therefore, the Eastern European currencies also erased part of their losses. At around 10:40 am (GMT0740), the leu traded at 4.2475/4.2490 against the euro.
Romania’s currency touched Tuesday a fresh all-time low against the Swiss franc, as the central bank’s reference rate was set at 3.8269 units. Against the euro, the leu’s exchange rate was at 4.2356, 0.26% weaker on the day.
On the money market Wednesday morning, overnight rates stood at 4.3%-4.8% a year, slightly up from 4.1%-4.6% a year in the previous day.