FX forecast for May 5
After a rather long break, the National Bank intervened yesterday, May 4, on the domestic currency market with an opposite move to the usual one, buying US dollars for lei, PhD Sveatoslav Mihalache, the director of the portal Financial Brains, told Info-Prim Neo.
According to him, the decrease in certain monetary aggregates caused the physical currency stock to shrink, which influenced a depreciation of the dollar against the leu. At the same time, Mihalache says the effects of this intervention will not be felt immediately, but in a day or two.
Today the dollar will trade at around 11.13 – 11.18 lei (bid) and 11.26 – 11.30 lei (ask), while the euro at 14.80 – 14.85 (bid) and 15.00 – 15.05 (ask)
To follow the developments of the main currency pairs throughout the day visit www.fb.md