FX forecast for Mar.26

The Moldovan interbank market was yesterday, March 25, less constipated than usually in recent days, with the US dollar being traded among the banks at 10.98 – 11.03 lei, - PhD. Sveatoslav Mihalache, the director of the portal Financial Brains, told Info-Prim Neo. Yet the international market saw plenty of trepidation. Following an interview given to the financial channel CNBC by US Treasury Secretary Tim Geithner, where he failed to be clear enough when speaking about the possibility of instituting an international reserve currency, the market panicked for a moment, causing the EUR/USD parity to skyrocket in just a minute from 1.3470 to 1.3650. It eventually fell to 1.3540. This morning the EUR/USD parity stood at 1.3580, and this will influence increases in exchange rates on the domestic market, too: the euro will be traded at 14.80 – 14.85 (bid) and 15.00 – 15.05 (ask); while the US dollar at 10.90-10.95 (bid) and 11.00-11.05 (ask). To follow the developments of the main currency pairs through the course of the day, be sure to visit www.fb.md