The leu opened at 4.458/4.46 to the euro, stronger from 4.464/4.4675 to the euro at Friday closing, as investors were cheering a victory of the pro-austerity parties in the Greek elections.
However, the sentiment on the European markets worsened after the yields at a state paper sale in Spain broke the 7% barrier, the highest since the euro introduction.
The leu fell, in line with the other currencies in the region, and touched an intraday low at 4.467 versus the euro. At around 13:00 local time (GMT1000), the leu switched trend again, gaining slightly on alleged central bank interventions.
On the money market, overnight rates were flat at 5%-5.5% a year.