Against the US dollar, the leu’s indicative lost 1.3% on the day to 3.2116 units.
The leu opened down at 4.36/4.362 per euro, from 4.3575/4.36 per euro at Monday’s closing.
It further gained ground, with dealers suspecting a covert intervention in the market from the central bank to support the national currency. The sound economic data for the third quarter had limited impact on the leu’s rate, as players are mostly worried about external developments, the dealers said.
At around 13:00 local time, the leu traded at 4.3486/4.35 per euro.
Romanian economy expanded by 1.9% in the third quarter, after a modest recovery of 0.2% three months earlier, a flash estimate of the country’s statistics institute showed Tuesday morning. Preliminary adjusted data showed the third-quarter gross domestic product increased by 4.5% from the same period of 2010.
On the money market, overnight rates rose to 5.8%-6.3% a year, from 5.5%-6% a year Monday.