The leu opened at 4.6280/4.6300 per euro, down from 4.6275/4.6300 at Monday’s closing.
At around 10:05 a.m. it gained ground and traded at 4.6135/4.6165 per euro, hitting an early high of 4.6130 per euro on central bank euro selling orders.
On Tuesday, the leu’s exchange rates fell to 4.6397 versus the euro and to 3.8343 to the US dollar. Monday, the rates were at 4.6009 per euro and 3.7999 to the dollar.
The national currency lost 4.2% versus the euro over the past three weeks, amid political tensions after the ruling socialists-liberals won a parliament vote to depose President Traian Basescu. The latter will face a referendum on whether to remain in office on July 29.
Since January, the leu weakened by 7.4% against the euro and by almost 15% versus the US dollar.
In the money market Wednesday morning, overnight rates were at 4% – 5% a year.