FX forecast for Aug. 20

The EUR/USD pair started to grow yesterday afternoon reaching the 1.4270 level at the end of the day, as experts of the portal Financial Brains predicted. “This spontaneous rise will impact our market and the European common currency will gain against the Moldovan leu,” Financial Brains director, PhD Sveatoslav Mihalache has told Info-Prim Neo. “The major topic of discussion on the currency market was the end of recession. Now, they wonder what country will go out of the recession first,” Mihalache said. The macroeconomic data for the second half of the year show that France and Germany have already started to recover. However, many countries in the European area remain seriously affected by the economic crisis. EUR/MDL. The currency exchange facilities in Moldova today will purchase the euro for 15.82 – 15.86 lei and sell it for 15.93 – 15.96 lei. USD/MDL. The US dollar will be bought for 11.18 – 11.20 lei and sold for 11.25 – 11.28 lei. The EUR/USD pair today will trade at rates varying from 1.4270 to 1.4170, but the 1.4270 level might be passed.