FX forecast for Feb 3
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[USD/MDL] The US dollar yesterday broke through the predicted corridor of 12.50 – 12.75 lei, trading on the interbank market at 12.88 lei; today currency exchange facilities will display visibly increased rates, approaching the 13.00 lei level at the ask price, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo.
In response, the National Bank administration has reiterated its assurance that everything is under control. “Taking into account all the monetary aggregates, the macroeconomic indicators, capital inflows and outflows, we tend to believe that everything is indeed under control, however the National Bank should not forget that mass psychology can play an important role, especially in a small market like Moldova's”, says Sveatoslav Mihalache.
Today the dollar will be bought for 12.78 – 12.83 lei and offered for 12.95 – 12.98 lei.
[EUR/USD] Yesterday's attempts to break the resistance level situated at $1.3980 failed, but the bulls will continue pushing for it and if successful, we'll see the $1.4140 mark. If this one gives in too, the next level will be $1.4220. This is where Financial Brains will close all the purchase positions.
[EUR/MDL] 17.70 – 17.73 lei (bid) and 17.83 – 17.93 lei (ask).
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