The leu fell after stop-loss orders were triggered by foreign players who sensed that a much-announced appreciation below 4.13 per euro wasn’t going to happen to soon, dealers said.
The leu also retreated against the US dollar and the reference rate lost 0.12% on the day at 2.8319 units, from 2.8286 units Monday.
In the opening, the leu traded at 4.1365/4.1375 to the euro, barely changed from Monday’s closing. It further lost ground and at around 13:00 local time traded at 4.155/4.158 to the euro.
On the money market, overnight rates were at 3.7%-4.2% a year, slightly down on the day.