Research & Analysis

INTERNATIONAL HIGHLIGHTS The EUR/USD pair appreciated this week by +0.44%, rising from 1.0540 to 1.0586, a 6-month high. US inflation slowed in November to 7.1% below expectations of 7.3%.

The USD/MAD pair fell for the 5th consecutive week by -0.07% to 10.55 this week. This is above a than 3-month low.

USD/MAD fell for the 4th consecutive week by -1.08% to 10.56 this week, at a 3 month low. This is due to a negative basket effect of -0.72% following the correction of the Dollar and a liquidity effect of -0.36% in favor of the MAD.

The MAD continues to appreciate against the US dollar for the second week in a row. USD/MAD stands at 10.72, down -0.31% in one week.

The dollar is back below MAD 11 this week, with an evolution of -2.44%. Originally, a basket effect favorable to the MAD of -2.67%. The liquidity effect came out at +0.23%, detrimental to the MAD.

The dollar is back above 11 MAD this week, appreciating by +1.03%. This is due to a double basket/liquidity effect unfavorable to the MAD, i.e. +0.86% and +0.17% respectively.

The USD/MAD pair is depreciating to 10.91 this week, posting a significant decline of -1.07%. While the liquidity effect was almost neutral during this period, most of the change in the MAD is explained by a basket effect of -1.16%. 

The USD/MAD pair is stabilizing at 11.02 this week with a change of +0.05%. The market effect comes out at +0.15% restrictive for the dirham this period.

The USD/MAD pair appreciated by +0.68% to 11.02 this week. Originally, a double Basket & Market effect of +0.39% and +0.29% respectively.