Tuesday, the leu’s reference was 4.3485 to the euro.
The leu strengthened against the US dollar as well and gained 0.5% on the day to 3.3601 units, from a five-week low of 3.3781 units a day earlier.
The leu opened down at 4.352/4.353 per euro, from 4.3445/4.3465 per euro at Tuesday close. Euro sales later drove the leu higher and at around 1:00 pm the currency traded at 4.345/4.347 versus the euro.
“The sale order for euros was not very large, but the pair moved visibly because trade volumes are very low,” said one dealer.
In the money market, overnight rates were at 2.2%-2.7% a year, well below the central bank’s key monetary policy rate of 5.25% a year.