Research & Analysis

As several countries around the world, Morocco is in turn under pressure on its health system, given the rise of COVID-19 contamination cases during this summer period.

At the end of this week, the euro fell against the dollar by -1.05% compared to last week at 1.176. The EUR/ USD pair thus reached its lowest since the beginning of April 2021.

GHANA : the issuing of an « Unprecedented» Eurobond. The international debt markets continue to be favourable for Eurobond issuance. For this Q2-2021, it is Ghana's turn to raise significant funds of $ 3.0 Bn.

The dollar traded lower against its main counterparts in connection with the latest announcements from the Fed at its last monetary policy meeting. EUR/USD hit its highest since July of 1.189 vs. 1.177 a week ago.

Unsurprisingly, Maroc Telecom's half-year achievements are down compared to 2020. On the basis of annual achievement rates, we have slightly revised our forecasts for the FY 2021.

The European currency remains under pressure this week and continues its decline against the dollar; i.e. -0.30%, from 1.181 to 1.177.

The single currency continues to decline this week amid growing fears around the spread of the Delta variant in several countries.

At the end of this week, EUR/USD stabilizes at last week’s level of 1.188. As a reminder, it fell below 1.18 during the week, reaching its lowest since April 2021.

During this week, the dollar appreciates by + 0.6% against the euro. The EUR/USD pair fell to 1.187 against 1.194 a week earlier.