The leu opened at 4.5640/4.5670 per euro, higher from 4.565/4.567 per euro at Monday close. It further gained ground, hitting an early high of 4.5555 to the euro.
At 10:15 a.m., the leu traded at 4.5610/4.5620 versus the euro.
According to dealers, “the central bank will no longer allow a significant depreciation of the leu as long as political tensions do not revive.”
On Monday, the leu’s reference rate firmed 1.2% on the day to 4.555 to the euro, the strongest rate in two weeks. Against the US dollar, the leu’s indicative gained 1.3% on the day to 3.7086 units, also a two-week high.
In the money market Tuesday morning, overnight rates stood flat at 4.6%-5.2% a year.