FX forecast for Mar.18

Whereas in the wake of the last week's shocks the Moldovan currency market seems benumbed, on the international market the parity EUR/USD could see important changes today (March 18), PhD Sveatoslav Mihalache, the director of the portal Financial Brains, told Info-Prim Neo. At the Moldovan currency exchange facilities the rates for both dollar and euro will be practically the same – for the USD 10.82-10.85 (sell rate) and 10.95-10.99 (buy rate); and for the EUR 14.05-14.10 (sell rate) and 14.25-14.30 (buy rate). On the international market, however, this could be a very important day for the the parity EUR/USD, due to the ongoing US Federal Reserve policy meeting, which is expected to yield a decision on the refinance rate. According to the agency Bloomberg, while most analysts think that the refinance rate will remain unchanged at 0.25%, the parity EUR/USD will see oscillations if the refi rate changes in either direction, says Sveatoslav Mihalache. To follow the developments of the main currencies through the course of the day, visit www.fb.md

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