INTERNATIONAL HIGHLIGHTS
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.
Liquidity spreads rose by +30 BPS this week, to a level of 0.88%. This evolution is due to larger import than export flows this week.
The timing of the first key rate reductions from the Fed and the ECB is a determining factor of the direction of
the EUR/USD pair.
The main international brokers anticipate an appreciation of the Dollar against the Euro on the ST.
To this end, we recommend importers to hedge their Dollar transactions over time horizons ranging from 1 to
3 months.
Read more.
