FX forecast for Sep. 4

At yesterday’s meeting of the European Central Bank the base rate was left unchanged; ECB chief Jean-Claude Trichet was rather optimistic in his statements after the meeting, but underlined that the economy in the euro zone would recover in an irregular manner, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo. Today, one of the events with potential effect on the international forex trading market will be the publishing, at 15:30 Chisinau time, of statistical data on the unemployment rate in the United States, added Mihalache. [EUR/USD:] The euro presently trades at $1.4250, with the first resistance level being situated at $1.4330/40, and the next at $1.44; the support levels stand at $1.4180 and $1.4080. [EUR/MDL:] In Moldova the euro will sell at 15.80 – 15.86 lei and buy at 15.95 – 16.00 lei. [USD/MDL:] 11.15 – 11.17 lei (bid) and 11.24 – 11.27 (ask). For further details visit www.fb.md

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