The leu closed at 4.512/4.514 per euro, barely changed from 4.513/4.515 per euro Monday.
The currencies in the region erased yesterday’s losses as investors eased their fears of an imminent war in Ukraine, though the latter’s region of Crimea remains under Russian control. By presstime, the leu’s neighbors were gaining up to 1% versus the euro.
The leu opened at 4.533 to the euro, but strengthened to 4.52 per euro in the first half of the session. In late trade, the local currency appreciated to 4.513 to the euro.
The central bank set the leu’s reference at 4.5196 versus the euro, slightly weaker on the day. Against the US dollar, the leu’s indicative retreated 0.2% to 3.2852 units.
In the money market, overnight rates were at 2.2%-2.7% a year.