FX forecast for Mar.20 – Euro sees slight rise

The European currency saw yesterday, March 19, a slight increase on the international market, which will influence the sell and buy rates offered by the currency exchange facilities in Moldova, says PhD Sveatoslav Mihalache, the director of the portal Financial Brains, quoted by Info-Prim Neo. It is expected that the Euro will be traded today at the Moldovan exchange desks at 14.50 – 14.60 (bid) and 14.90 – 14.95 (ask). However, according to Sveatoslav Mihalache, the forces that are pushing the Euro higher on the international market are about to drain and, while in the morning the parity EUR/USD is expected to be at 1.3640, then in the course of the day there could be a correction down to 1.3400. The US dollar will also rise slightly at the Moldovan currency exchange facilities: 10.85– 10.88 (bid) and 10.95 – 11.05 (ask). To follow the developments of the main currencies through the course of the day, visit www.fb.md