The leu opened at 4.468 to the euro, slightly stronger than 4.4685/4.4705 to the euro at Tuesday close.

It later gained even more ground, reaching an early high at 4.4605 per euro. However, the leu eased gains after the first hour and traded at 4.464/4.4655 versus the euro at 10:15 local time (GMT0815).

The central bank set Tuesday the leu’s exchange rate at 4.4672 per euro, a fresh three-month high.

On the money market Wednesday morning, overnight rates were at 4%-5% a year.

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