FX forecast for Sept. 3

The international currency market today will be influenced by two important events, Financial Brains’s director, PhD Sveatoslav Mihalache has told Info-Prim Neo. The first is the publication of the European Central Bank’s decision on the refinancing rate at 14.45, Chisinau time, while the second - the publication of data on unemployment in the U.S. Sveatoslav Mihalache said that the the number of applications for unemployment benefit is expected to decrease to 560,000 until August 29. The Financial Brains’ team says that the refinancing rate might remain at the same level, of 1%. Technically, the euro is now trading at 1.4275. The first resistance level stands at 1.4290, while the second - at 1.4350. The first support level is 1.4180, while the second - 1.4080. Sveatoslav Mihalache stated that the technical indicators indicate a possible retesting of the support level of 1.4180. [EUR/MDL]. The Moldovan currency exchange facilities today will purchase the euro for 15.79-15.84 lei and sell it for 15.95-15.99 lei. During the first two workdays after the August national holidays, the central bank continued to buy dollars from the domestic banking market. Financial Brains says during these two days, it purchased about 12-14 million dollars. [USD/MDL]. The U.S. dollar will be bought for 11.15-11.17 lei and sold for 11.24-11.26 lei. For further details, visit www.fb.md.