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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Sur le même thème
MAD Insights February 9th, 2024
The Dollar goes back above 10 Dirhams The Dollar appreciated against the Dirham this week to 10.01, a variation of +0.36%. This variation is explained by a double effect: a basket effect of +0.06% following the appreciation of the Dollar internationally and a liquidity effect of +0.30% to the disadvantage of the Dirham.
MAD Insights February 2nd, 2024
The Dollar appreciated slightly against the Dirham this week to 9.98, a variation of +0.12%. This evolution is mainly explained by a basket effect of +0.13% after the appreciation of the Dollar internationally this week.
MAD Insights January 26th 2024
The Dollar appreciated slightly against the Dirham this week to 9.97, a variation of +0.17%. This evolution is explained by a basket effect of +0.50% following the strengthening of the Dollar internationally this week.
