The leu closed at 4.474/4.4745 per euro, near an all-time interbank low of 4.475 per euro set last week.

The national currency opened flat at 4.463/4.465 per euro and further gained ground, hitting an early high of 4.6 per euro. Market participants said the pair was artificially kept at stable levels via covert interventions from the central bank.

In the afternoon, however, the leu began to depreciate, tracking the currencies in the region.

The central bank set the leu’s reference at 4.4616 to the euro, slightly stronger on the day. Against the US dollar, however, the leu’s indicative weakened 0.7% on the day to a record low of 3.5864 units.

On the money market, overnight rates were flat at 4.7%-5.2% a year.

Subiecte #EURO#LEU