Against the US dollar, the leu’s indicative strengthened 1.53% at 3.0323 units.
The leu opened flat at 4.28/4.283 per euro and further lost ground, hitting an early low of 4.292 per euro after Moody’s cut Ireland to junk status.
It later changed trend, following better-than-expected data from China. The Asian country’s gross domestic product grew 9.5% in the second quarter from the year-earlier period, easing worries of a hard landing of the global economy due to high inflation.
At around 13:00 local time, the leu traded at 4.2735/4.276 to the euro. Elsewhere in the region, the leu’s peers were gaining around 0.3% versus the European common currency.
On the money market, overnight rates fell to 2.5%-3% a year, from 2.7%-3.2% a year Tuesday.