FX forecast for June 30

The U.S. dollar was trading yesterday on Moldova’s interbank market at around 11.25 lei. One commercial bank, according to Financial Brains director PhD Sveatoslav Mihalache, had an aggressive behavior, buying massively dollars for lei, without negotiating the price too much. The same bank displayed at its currency exchange outlets exaggerated buy rates for both the dollar and the euro, but its zeal was only enough until midday, says Mihalache. [USD/MDL] The rates for today at the Moldovan currency exchange facilities will be the following: 11.18 – 11.21 lei (bid) and 11.27 – 11.30 lei (ask). [EUR/USD] The pair EUR/USD yesterday remained enclosed within the predicted corridor, trading between $1.3990 and $1.4100. Currently the euro is trading at $1.4107. Bearing in mind that the resistance level is situated at $1.4140, it is timely to sell, with a close stop-loss, and consequently, with minimum risks. [EUR/MDL] At the Moldovan currency exchange facilities the euro will rise from yesterday: 15.68 – 15.74 lei (bid) and 15.84 – 15.89 (ask). For further details visit www.fb.md