FX forecast for May 1

The exchange rate of the US dollar on the domestic market is expected to fall today, amid an incertitude for the euro on the international market, according to Financial Brains. The rates for the US dollar at the Moldovan currency exchange facilities will stand at around 11.13 – 11.18 lei (bid) and 11.26 – 11.31 lei (ask). Yet Financial Brains is maintaining the prediction that the US dollar will rise against the national currency to 11.40 – 11.60 lei, even if it will take longer than initially predicted. “Most domestic macroeconomic indicators are pointing in that direction. It's simply imminent,” Financial Brains director Sveatoslav Mihalache told Info-Prim Neo. Concerning the euro, Mihalache says this currency “is living uncertain times as nobody knows which way it will choose”. This incertitude was clearly seen yesterday, when the euro managed a 'false penetration' of the $1.3339 level, reaching the $1.3375 mark, but then lost ground, trading at $1.3220 by the end of the day. In Moldova, the euro will trade today at around 14.60 – 14.68 (bid) and 14.83 – 14.88 (ask). To follow the developments of the main currency pairs throughout the day visit www.fb.md