On Monday (Nov 25), the day after the second round of presidential elections, the leu appreciated slightly versus the euro, reaching 4.7722 per euro. The data on the budget revision and the budget deficit, released Tuesday, impacted the exchange rate, causing the leu to depreciate again versus the euro.
The leu started its downward trend against the euro in September 2019, which accentuated in the past three weeks.
The leu also depreciated against the US dollar on Tuesday, as the reference rate was set at 4.3356, from 4.3325 on Monday and 4.3160 units on Friday.