INTERNATIONAL HIGHLIGHTS
The MAD appreciates for the 5th consecutive week against the Dollar. The USD/MAD pair fell -0.91% from 10.19 to 10.10 this week.
This evolution is explained by a basket effect of -0.80% related to the appreciation of the euro and a liquidity effect of -0.11%.
Dirham liquidity spreads improved this week by -12 BPS to 2.92%. The latter should continue their downward trend on the ST following the expected rebalancing of import and export flows.
Central banks are in the process of adapting their decisions based on macroeconomic data and the impact
of their monetary policy on inflation.
We recommend that dollar importers take advantage of the US dollar's downtrend so they can hedge at lower
levels.
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Sur le même thème
MAD Insights april 14th, 2023
The MAD appreciates for the 4th consecutive week against the Dollar. The USD/MAD pair fell -0.33% from 10.22 to 10.19 in one week. This change is explained by a basket effect of -0.22% related to the weakening of the dollar internationally and a positive liquidity effect of -0.11%.
MAD Insights april 5th, 2023
The EUR/USD pair appreciated by +0.73% from 1.0760 to 1.0839. European stock market indices, particularly banking stocks, started to rise again this week.
MAD Insights march 31st, 2023
The MAD appreciates this week against the dollar. This change is explained by a basket effect of -0.53% related to the fall in the dollar this week and a market effect of -0.42%. The latter reflects an improvement in the liquidity conditions of the dirham.
