FX forecast for Aug. 3

The situation on the domestic currency market after the elections and the long electoral campaign is calm, the Financial Brains director, PhD Sveatoslav Mihalache has told Info-Prim Neo. [USD/MDL] This week the US dollar will see an upward trend and will appreciate by 0.02-0.03 lei at currency exchange facilities. For a longer period of 2-3 months, Financial Brains forecasts a significant appreciation of the dollar against the Moldovan leu, up to 11.70 – 11.80 lei, owing to the worsening economic indicators in the country. Today, the currency exchange facilities will buy the dollar for 11.18 – 11.20 lei and sell it for 11.26 – 11.27 lei. Those that want to risk can purchase the dollar for 11.20 – 11.23 lei. [EUR/USD] After unsuccessfully trying to pass the level of $1.43 yesterday, the euro will see today a slight decrease, in accordance with the technical indicators. The resistance levels now stand at $1.4300 and $1.4330, while the support levels at $1.4230 and $1.4170. [EUR/MDL] At the Moldovan currency exchange facilities, the euro will be purchased for 15.89 – 15.93 lei and sold for 15.98 – 16.03 lei. The venturesome ones can sell the euro for 15.95 lei, but should pay attention to the $1.43 level. For further details, visit www.fb.md