The leu opened down at 4.445/4.447 per euro, from 4.44/4.444 per euro at Wednesday close. It strengthened to an early high of 4.437/4.439 to the euro, but returned above 4.44 to the euro shortly after.
At around 10:00 am, the leu traded at 4.4405/4.443 versus the euro.
“Volumes are low, in line with previous sessions. The only exception was on Wednesday, when traded volumes increased, fueled by euro demand from a foreign investor,” said one dealer.
The leu lost 0.8% against the euro Wednesday, amid a negative sentiment in the region and following comments from the central bank pointing to further rate cuts.
The central bank set the leu’s reference at 4.4304 versus the euro Wednesday, 0.4% weaker on the day. Against the US dollar, the leu’s indicative lost 0.5% to 3.3365 units.
In the money market Thursday morning, overnight rates were at 1.7%-2.2% a year.