The leu opened at slightly down at 4.472 per euro and weakened to a low of 4.48 to the euro in the first half of the session. It later recovered and traded near 4.47 to the euro.
The central bank set the leu’s reference at 4.4762 versus the euro, the lowest level in three weeks. The leu’s indicative against the US dollar was set at 3.234, barely changed on the day.
In the money market, overnight rates were at 1.4%-1.9% a year, down from 1.9%-2.4% a year Tuesday.