FX forecast for June 26

Yesterday some currency exchange facilities in Moldova remained without lei in supply after they hurried to “run in frunt of the train” and displayed sell rates of 11.23 lei for the US dollar and 15.65 lei for the euro, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo. [USD/MDL] The US dollar was trading yesterday on the interbank market between 11.23 and 11.26 lei, and Financial Brains considers that a balance for the dollar will establish around 11.25 and 11.30 lei. At the currency facilities the rates for today will be the following: 11.17 – 11.20 lei (bid) and 11.27 – 11.30 lei (ask). [EUR/USD] Last night the euro reached a maximum of $1.4060, and is currently trading at $1.4040. There is a possibility for a new drop to $1.39, but until then those who didn’t manage to sell have one more chance to do that, says Mihalache. [EUR/MDL] At the Moldovan currency exchange facilities the euro will cost 15.65 – 15.70 lei (bid) and 15.75 – 15.80 (ask). In these circumstances, Financial Brains recommends avoiding buy transactions. For further details visit www.fb.md