FX forecast for Dec 9

- [USD/MDL:] The National Bank continued yesterday its interventions on the internal market as the dollar bought at 11.60 – 11.65 lei, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo. If the central bank's interventions continue today, we might see the leu approach closer its first resistance level, situated at 11.70/80. At the currency exchange facilities, the dollar will buy at 11.43 – 11.48 lei and sell at 11.68 – 11.73 lei. [EUR/USD:] The euro dropped yesterday to $1.4670 after Fitch cut Greece's rating from A- to BBB+. Now the euro trades at $1.4703. After the decreases experienced in recent days, it is likely that the euro will slightly rise. Yet Financial Brains reiterate their prediction that the euro will drop to $1.4450/70 by the year's end. [EUR/MDL:] With the leu depreciating, the rates for the euro will be on the rise: 16.60 – 16.95 lei (bid); 17.20 – 17.25 lei (ask). For further details visit www.fb.md or www.financialbrains.eu