INTERNATIONAL HIGHLIGHTS
The Dirham appreciated against the Dollar this week to 10.05 against 10.03 the previous week, a variation of
+0.17%.
This latter is mainly explained by a positive basket effect which stands at +0.27% following the appreciation of the Dollar this week. The market effect, for its part, comes out negative at -0.10% in favor of the Dirham.
Liquidity spreads thus decrease by -10 BPS, to a level of 03/12 03/13 03/14 1.50%. This is due to lower import flows this week.
Financial markets anticipate a first rate cut in June for the Fed and the ECB but such a scenario remains uncertain
given the rebound in inflation observed in the United States during February.
The main international brokers anticipate an appreciation of the Dollar against the Euro on the ST.
We recommend importers to hedge their operations in Dollars over time horizons of 1 month to 3 months.
Read more.
Sur le même thème
MAD Insights March 18th, 2024
The Dollar depreciates against the Dirham this week to 10.03 against 10.09 the previous week, a variation of -0.60%. This evolution is mainly explained by a negative basket effect which stands at -0.70% following the depreciation of the Dollar against the Euro this week. [...]
MAD Insights march 8th, 2024
The Dollar appreciates against the Dirham this week to 10.09 against 10.04 the previous week, a variation of +0.50%. This evolution is explained by a double positive effect.
MAD Insights February 29th, 2024
The Dollar depreciates against the Dirham this week to 10.04 against 10.07 the previous week, a variation of -0.26%. This evolution is explained by a negative basket effect of -0.34% after the depreciation of the Dollar this week. The liquidity effect, for its part, came out positive to +0.08% to the disadvantage of the Dirham.
