INTERNATIONAL HIGHLIGHTS
The Dollar appreciates against the Dirham this week to 10.04 after 10.01 the previous week, a variation of +0.23%.
This evolution is explained by a basket effect of +0.37% following the strengthening of the Dollar. The liquidity effect, for its part, stands at -0.14% in favor of the Dirham.
Liquidity spreads improved by -14 BPS this week, to a level of 0.74%. This is due to larger export flows this week.
Expectations for Fed’s monetary easing are currently uncertain. Jerome Powell has just declared that it is unlikely that the first rate cut would take place in March.
Main international brokers forecast a slight appreciation of the Dollar compared to the Euro on the ST.
We recommend importers to hedge their Dollar transactions over horizons of less than 3 months.
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