FX forecast for June 23

The vacation season appears to have an influence on the international forex-trading market as well – transactions are in the lull and the volatility is low, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo. [EUR/USD] The euro was trading yesterday in an unusually narrow corridor between $1.3830 and $1.3890. A certain dose of animation is expected tomorrow after the US Federal Reserve will announce its decisions. Analysts anticipate a slight inflation in the US, which will affect the capital market, particularly treasury bonds, and consequently will influence the EUR/USD pair. Technical indicators show the euro will trade today between $1.3780 and $1.3900. Only after beating the $1.3740 mark can we talk about a decrease to $1.33, reiterated Mihalache. [EUR/MDL] At the Moldovan currency exchange facilities the euro will cost 15.35 – 15.40 lei (bid) and 15.55 – 15.60 (ask). [USD/MDL] 11.12 – 11.14 lei (bid) and 11.18 – 11.21 lei (ask). For further details visit www.fb.md