FX forecast for June 18

- [EUR/USD:] The euro continues to grow lazily for the second week in a row (after it had dropped to $1.19), reaching today the $1.24 mark, Financial Brains director PhD Sveatoslav Mihalache told Info-Prim Neo. According to him, the budget problems of Grecee, Portugal and Spain have moved to the second burner and are now playing a smaller role on the currency markets. “The euroskeptics have shut down their microphones”, said Mihalache, adding that the single European currency has no further room to drop. Now the level that should be watched with increased attention is $1.2440/60. If it succumbs, the growth could continue. Meanwhile, the euro will trade within a corridor between $1.22 and $1.24. [USD/MDL:] The demand for dollars on the domestic market is on de decrease, while yesterday it was virtually inexistent. The Financial Brains are recommending individuals to refrain from buying dollars since the American currency is expected to depreciate against the leu. Today the dollar will buy at 12.87 – 12.89 lei and sell at 12.94 – 12.97 lei. [EUR/MDL:] The euro will buy at 15.90 – 15.94 lei and will sell at around 16.03 lei or higher. For further details visit www.fb.md or www.financialbrains.eu