Research & Analysis

The EUR/USD pair appreciated by +0.28% this week to 1.0273, a low of more than 2 years. The consumer price index in the United States rose to 2.9% in December after 2.7% in November.

The resilience of the Ivorian economy would likely be put to the test with the scenario of expected sharp correction in commodity prices. In fact, according to the 2025 Finance Act forecasts, the average price of Cocoa expressed in FCFA should fall by -25.8%, Cotton by -8.5%, Coffee by -2.4% and finally Oil by -10.5%.

The USD/MAD pair depreciated this week by -0.29% from 10.10 to 10.07.This evolution is explained by a negative market effect.This comes out at -0.36% in favor of the Dirham. The basket effect, for its part, comes out slightly positive at +0.07% as the Dollar strengthens internationally.

By approaching 20% of GDP in 2025E, tax revenues have reached historically high levels and should stabilize at least until 2027E, according to projections by the Ministry of Finance(1). 

The USD/MAD pair appreciated this week by +0.24%, from 10.06 to 10.09.This variation is due to a double positive effect. The basket effect came out negative at -0.14% as the EUR/USD parity was almost stable this week. The market effect, for its part, is positive this week at +0.38%.

The USD/MAD pair appreciated this week by +0.66%, going from 10.00 to 10.06.This evolution is due to a double positive effect. The basket effect comes out at +0.48% related to the appreciation of the Dollar against the Euro this week.

During our recent survey, we identified investors' expectations regarding the evolution of the Moroccan Central Bank Key rate during its 4th and last monetary policy meeting scheduled for December 17th, 2024.

The commercial achievements of listed companies in the 3rd quarter of 2024 took place within a context marked by two main factors.

The USD/MAD pair depreciated this week by -0.57% from 10.06 to 10.00 after remaining above 10 MAD throughout the week.