- [EUR/USD:] The euro in the early hours of this morning hit yet another, surprising low of $1.2780, after European markets saw further index deteriorations, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo. According to Mihalache, these deteriorations can only be attributed to panic. Even Nobel economics prize winner Joseph Stieglitz went so far as to say that the euro would disappear as a currency. Panic or not, the question is where does the euro’s decline stop? Technical indicators show that a correction should occur eventually, and the Financial Brains think that the $1.27 mark is where about the fall should stop. Today much depends on the announcement, at 14:45, of the ECB’s decision on the base rate. And while it is unlikely that it will be lowered, traditionally increased attention will be paid to the statements accompanying the ECB’s decision. Also very important is to follow the profitability of the Greek, Spanish and Portuguese bonds, which in the event of appreciation will mean more pressure on the European currency. [EUR/MDL:] The currency exchange facilities in Moldova today will buy euros no higher than 16.10 – 16.15 lei and will sell them at 16.35 – 16.45 lei. [USD/MDL:] The dollar sees a slight depreciation against the Moldovan leu, in line with earlier predictions. The predicted bid rates for today are 12.56 – 12.58, and the ask rates 12.65 – 12.67 lei. For further details visit www.fb.md or www.financialbrains.eu