The leu opened at 4.41 per euro, from 4.4035/4.406 per euro at Tuesday close. Euro demand later drove the leu lower to 4.4195 to the euro, but trade volumes remained scarce.
At around 10:00 am, the currency traded at 4.4155/4.416 per euro.
The central bank set the leu’s reference at 4.4111 to the euro Tuesday, 0.2% from 4.4201 units a day earlier. Against the US dollar, the leu’s indicative strengthened at a similar pace to 3.3206 units, from 3.3275 units in the previous session.
In the money market Wednesday morning, overnight rates fell to 1%-2% a year, amid liquidity excess.