The leu opened at 4.3/4.303 per euro, from 4.292/4.294 per euro at Wednesday’s closing. It further lost ground and hit an early low of 4.31/4.312 per euro before recovering some of its losses, with dealers suspecting an intervention from the central bank.
Elsewhere in the region, the leu’s peers were also retreating against the euro, as investors fear the US central bank’s measures to support the economy have limited effect.
The central bank set the leu’s reference at 4.2902 to the euro Wednesday, weaker on the day.
On the money market Thursday morning, overnight rates were at 2.2%-2.7% a year.