The leu opened at around 4.4615 to the euro, weaker than 4.458 to the euro at Wednesday closing.
It further lost little ground, trading at 4.462/4.463 to the euro by 10:20 local time (GMT0720), as investors were chewing a latest round of bad news from the European economy. Moody’s downgraded the ratings of Spain and Cyprus, reflecting a new step in the debt crisis.
Wednesday, Romania’s central bank set the leu’s reference rate at 4.4593 per euro, slightly changed from 4.4587 per euro the day before.
On the money market Thursday morning, overnight rates were flat on the day at 5%-5.5% a year.