Against the US dollar, the leu’s indicative lost almost 2% to 3.1978 units, after the Federal Reserve warned of significant economic risks, stirring concerns that stimulus packages might not be enough to fast track the recovery.
The leu opened at 4.3/4.303 per euro, from 4.292/4.294 per euro at Wednesday’s closing. It further lost ground and hit an early low of 4.31/4.312 per euro before recovering some of its losses, with dealers suspecting an intervention from the central bank.
However, the rebound was only temporary and the leu returned to trade above 4.3 per euro. At around 13:00 local time, the leu traded at 4.3085/4.3105 per euro.
On the money market, overnight rates fell slightly to 2%-2.5% a year, from 2.2%-2.7% a year Wednesday.