The leu opened at 4.4275/4.4290 to the euro, weaker from 4.4225/4.425 to the euro at Wednesday’s close.
In the first hour of trading, the leu fell further to 4.4300/4.4320 units against the euro. Shortly after 10:00 local tine, the currency traded at 4.4275/4.4290 per euro.
The central bank set the leu’s reference at 4.4228 per euro Wednesday, weaker from 4.4179 per euro a day earlier. Against the US dollar, the leu’s indicative lost 0.2% to 3.4471 units.
In the money market Thursday morning, overnight rates were at 3.5% – 4% a year.