The leu closed at 4.543/4.547 per euro, from 4.5365/4.5375 per euro in the previous day.
The currency opened at 4.538/4.5415 versus the euro and touched an early low of 4.543 to the euro before suddenly strengthening to 4.535 to the euro several minutes before the central bank announced today’s reference rate. Market participants said the central bank likely sold euros in the market.
In the afternoon, the leu returned above 4.54 per euro.
The central bank set the leu’s reference rate at 4.5358 to the euro, a fresh record high in four weeks. Against the US dollar, the leu’s indicative gained 0.4% on the day to 3.4873 units.
In the money market, overnight rates were flat at 4.9%-5.4% a year.