FX forecast for Apr. 29
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[EUR/USD:] The pressures on the European single currency won’t stop here, with Greece being just a pioneer in this regard, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo.
“Greece’s problems are just the top of the financial iceberg. The budget deficits in numerous countries around the world, from the United States to Japan, pose inflation risks that might trigger governmental defaults”, says Sveatoslav Mihalache.
The euro yesterday attempted to break the support level situated at $1.3110/20, but it resisted as predicted, and now the euro trades at around $1.3230. However the technical indicators point to a potential new decrease to $1.3140 and it is also possible that the above-mentioned support level will be tested again.
[USD/MDL:] On the Moldovan interbank market, the dollar traded at an average 12.61/63 lei, yet the amounts traded were insignificant.
The rates predicted for today are the following: 12.56 – 12.59 lei (bid); 12.66 – 12.69 lei (ask).
[EUR/MDL:] 16.65 – 16.68 (bid); 16.77 – 16.83 (ask).
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