INTERNATIONAL HIGHLIGHTS
Key rate: ECB reduces its deposit facility rate to 2.75%
The EUR/USD pair depreciated by -1.29% this week to 1.0362. The Dollar strengthened, benefiting from its safe haven status following Trump’s decision to increase import tariffs to 25% for Mexico and Canada and to 10% for China.
During this week, the FOMC decided to keep the Fed Funds rates in the range [4.25%-4.50%] in a context of uncertainty related to the new tariff measures. The ECB, for its part, decided to reduce its deposit facility rate by -25 BPS to 2.75%, specifying that the disinflation process is well underway in the Eurozone.
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Sur le même thème
MAD Insights of January 31st 2025
Uncertainties over Trump's tariff measuresThe EUR/USD pair appreciated by +2.18% this week to 1.0497 from a more than 2 years low.
MAD Insights of January 24th 2025
The EUR/USD pair appreciated by +0.28% this week to 1.0273, a low of more than 2 years. The consumer price index in the United States rose to 2.9% in December after 2.7% in November.
MAD Insights January 17th 2025
The USD/MAD pair depreciated this week by -0.29% from 10.10 to 10.07.This evolution is explained by a negative market effect.This comes out at -0.36% in favor of the Dirham. The basket effect, for its part, comes out slightly positive at +0.07% as the Dollar strengthens internationally.
