INTERNATIONAL HIGHLIGHTS
The USD/MAD pair appreciated this week by +0.66%, going from 10.00 to 10.06.
This evolution is due to a double positive effect. The basket effect comes out at +0.48% related to the appreciation of the Dollar against the Euro this week.
The market effect, for its part, also comes out positive this week at +0.18%.
The liquidity spreads of the Dirham have thus improved by +17 BPS to -1.18%. The good performance of export flows has made it possible to maintain these spreads in negative territory. The latter should readjust very slightly upwards over the next 3 months.
Political uncertainties in Europe and the potential impact of a trade conflict between Europe and the United States after Trump election are expected to fuel volatility in the foreign exchange market.
Given the uncertainties and volatility in the foreign exchange market, we recommend importers to hedge their transactions over a 3-month horizon.
Bonne lecture.
