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Economy / Moldova

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May 2010 | Macroeconomic Forecasts

Having depreciated in December, the Moldovan leu has been trading within a trend channel between MDL12.20/US$ and MDL12.89/US$ during Q110. Despite weak fundamentals, with remittances likely to remain low, we scope for the leu appreciation through 2010 and we hold to our end-year forecast of

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