Research & Analysis

The sharp drop in the EUR/USD parity recorded last week was readjusted this week. The euro appreciates against the dollar by + 0.6%, going from 1.186 to 1.194 over the week.

The pandemic has put a spotlight on the continent’s fragile economy, but there is a path forward to help vulnerable countries climb out of a debt pit.

Fed pushes dollar to 2-month high. During its meeting this week, the Fed announced its intention to raise interest rates by 2023.

EUR/USD reacts to inflation Data. The EUR/USD pair moved this week from 1.210 to 1.211, down -0.48% in comparison to the last week.

We had three reasons to believe that the SSA economies would be rather resilient facing the Covid-19 pandemic. We were referring to a foreseeable natural immunity of the Region citizens, to a pressure on the authorities to ease the barrier measures as well as to a limited exposure of SSA’s countries to the tourism sector. 

At the end of this 1st quarter of 2021, marked by a relatively better economic context than that of 2020, investors closely followed the release of listed companies'operational results. 

The US employment data supports the dollar. The US dollar appreciated this week against all of its benchmarks, including the euro. The EUR/USD parity fell to 1.217 against 1.220 a week earlier.

The euro supported by positive economic data. The EUR/USD parity approached this week the level of 1.22 to 1.219, up 0.08% from last week.

On the sidelines of our last survey carried out among the 35 most influential investors in the Moroccan stock market, we have updated the required profitability towards stocks. Not surprisingly, the Equity Risk Premium reaches a record low of 5.6%, supported by the sustainable context of low interest rates in Morocco.