The leu opened at 4.448 to the euro, weaker from 4.4425/4.4435 to the euro at Monday closing.
It later started to strenghten and touched an early high at 4.4385 units, while the other currencies in the region had mixed evolutions, following better-than-expected GDP data from Germany, whose economy grew 0.5% in the first quarter.
In Romania, the economy contracted slightly in the first three months comparerd with the last quarter of 2011. The seasonally-adjusted gross domestic product was down 0.1% quarter-on-quarter, but it was up 0.8% compared with January-March 2011.
Dealers said the leu did not reacted to the GDP news, as it was broadly in line with the market views.
The Romanian central bank set Monday the leu’s reference rate at 4.4373 per euro, a fresh all-time low.
On the money market Tuesday morning, overnight rates were slightly up at 4%-5% a year, from 3.8%-4.3% a year in the previous session.