Euro rising... 'not for long'

The euro has risen today on the international market to the $1.3260 mark, from $1.2860 at the beginning of the week, but Financial Brains thinks it will not stay that high for long. “All the indicators show the forces behind this growth are declining,” says Financial Brains director Sveatoslav Mihalache. “Whereas earlier this week my suggestion was to buy euro, now it's time to sell”, he added, mentioning that some banks are buying euro today at 14.82 lei. Financial Brains also recommends buying dollars today, at rates around 11.23, as this rate is considered to be lower than the real market value.

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