The leu opened at 4.4415 to the euro, but appreciated to 4.4315/4.433 per euro after the first hour of trading. Tuesday, the leu closed at 4.4395 to the euro.
At around 10:15 local time, the national currency traded at 4.429 against the euro, amid “very high” trading volumes, according to dealers.
Tuesday, the central bank set the leu’s reference rate at 4.4408 against the euro, stronger from 4.4488 per euro a day earlier. Against the US dollar, the leu’s indicative weakened to 3.2929 units.
In the money market Wednesday morning, overnight rates were at 0.5% – 0.1% a year.