FX forecast for Sept. 22

The US dollar continues to gain slowly, but steadily against the Moldovan leu on the home market. Yesterday, it traded at 11.25 lei on the interbank market and the demand for dollars was on the rise, Info-Prim Neo reports, quoting the Financial Brains director, PhD Sveatoslav Mihalache. [EUR/USD:] After sliding to $1.4610, the euro recovered the positions it lost yesterday and is now trading at $1.4710. The closest resistance level stands at $1.4770/80, while the support levels are at $1.4615/20, $1.4560/70 and $1.4450, the last being a very strong level. Apparently, the developments on the market today will depend on the technical analysis, with the graphs for four hours, one day and one week indicating an expected decline down to $1.4450. [EUR/MDL:] As the euro appreciated on the international market this morning, the currency exchange facilities in Moldova will post higher rates than yesterday: 16.40 – 16.45 lei (bid) and 16.53 – 16.58 lei (ask). Even if the euro drops on the international market, owing to the stronger dollar against the Moldovan leu, the depreciation of the European common currency at currency exchange units will not be much felt. [USD/MDL:] The US dollar rises in value at the currency exchange facilities: 11.20 – 11.28 lei (bid) and 11.30 – 11.35 (ask). For further details, visit www.fb.md.