The leu closed at 4.4715/4.4755 per euro, from 4.4525/4.455 per euro Tuesday.

The currency opened flat on the day, but started to lose ground shortly after, hitting the day’s low of 4.4795 to the euro in the second half of the session.

Elsewhere in the region Wednesday afternoon, the leu’s peers were losing up to 1% as investors remain cautious ahead of a speech by the US Federal Reserve chairman scheduled for Friday.

The central bank set the leu’s reference rate at 4.4665 to the euro, 0.2% lower on the day. Against the US dollar, the leu’s indicative weakened to 3.5573 units, from 3.5515 units a day earlier.

In the money market, overnight rates fell slightly to 5.1%-5.6% a year, from 5.2%-5.7% a year Tuesday.

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