FX forecast for Sep. 1

After a summer during which markets were generally narrow, the month of September is traditionally going to bring a boost of volatility, Financial Brains director PhD Sveatoslav Mihalache has told Info-Prim Neo. At the same time, starting today the domestic forex trading market is expected to come back to “normality”, after the holidays at the end of August offered forex traders an opportunity for profit, which materialized in very low bid rates – around 11.12 lei for 1 U.S. dollar and 15.58 lei for 1 euro. [EUR/MDL:] However, to smooth the transition to the “real” rates, the traders will keep the bid rates underpriced today: 15.85 – 15.88 lei, as against the “appropriate” value of 15.93 – 15.95 lei. Ask rates will be around 15.98 – 16.08 lei. [USD/MDL:] 11,17 – 11,19 lei (bid) and 11.25 – 11.28 (ask) [EUR/USD:] Players are looking for the $1.44 mark to sell what they have bought at $1.4270. For further details visit www.fb.md