FX forecast for Dec.1
- 01.12.2009 08:44
- 908
- 1 minute(s)
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[EUR/USD:] Markets have become very volatile after the government-owned investment company Dubai World
asked for leniency on interest payments, sparking new rumors of a potential bankruptcy, Financial Brains director PhD Sveatoslav Mihalache told Info-Prim Neo.
Incertitudes intensified even more as Japan announced possible direct interventions on the currency market, coordinated with European countries and the United States.
Long-term graphs indicate divergences, while weekly graphs indicate that the EUR/USD is overbought.
Currently the euro trades at $1.4985.
Resistance levels: $1.5060; $1.5140;
Support levels: $1.4930; $1.4870; $1.4825.
[EUR/MDL:] Moldovan currency exchange facilities will buy euros for 16.57 – 16.62 lei and will sell for 16.67 – 16.72 lei.
[USD/MDL:] The National Bank yesterday carried out direct interventions, buying dollars for lei, to maintain the liquidity of the market.
Bid rates will be 11.06 – 11.08 lei and sell rates 11.13 – 11.15 lei.
For further details visit www.fb.md or www.financialbrains.eu
