The leu opened at 4.5540/4.5560 per euro, higher from 4.5645/4.5665 per euro at Tuesday close.

In the first hour of trading, the leu gradually lost ground and at around 10:15 (GMT0715), the leu traded at 4.5570/4.5600 versus the euro.

On Tuesday, the leu’s exchange rate weakened for a third straight session to a new record low of 4.5651 units, from 4.5571 units a day earlier. Against the US dollar, the leu’s indicative gained 0.76% on the day to 3.7113 units. Monday, the leu fell to a historic low of 3.7399 units versus the greenback.

In the money market Wednesday morning, overnight rates were at 1.5% – 2% a year.

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