Research & Analysis

At the end of this week, the EUR/USD pair depreciated by -0.8% to 1.0375. 

The EUR/USD pair depreciated by -0.32% this week to 1.0458. Negotiations regarding the end of the war in Ukraine have revived expectations of a return of economic growth in the Eurozone.

Marsa Maroc has just announced on February 18th 2025, a strategic partnership which marks a new stage in its development. This involves the signing of an agreement with Terminal Investment Limited (TIL), a subsidiary of the Mediterranean Shipping Company (MSC) Group, considered to be the leading shipowner worldwide.

Fed Rate Cut Expectations revised down The EUR/USD pair depreciated by -0.33% this week to 1.0328.

Key rate: ECB reduces its deposit facility rate to 2.75% The EUR/USD pair depreciated by -1.29% this week to 1.0362.

Following our analysis of CDM's achievements at the end of September 2024, we have revisedupwards our forecasts for 2024E-2026E, compared to those communicated by Management inthe SPO last November.

In a resilient macroeconomic context, listed banks in Morocco confirm their solid growth profile, going from an AAGR of their Net Banking Income of 3.7% during the pre-Covid period(1) to 7.5% over 2023-2026E.

Uncertainties over Trump's tariff measuresThe EUR/USD pair appreciated by +2.18% this week to 1.0497 from a more than 2 years low.

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.