The upward trend in the USD/MAD parity was interrupted this week with a drop of -0.14% to 10.1535, the first time since the end of July 2023. The market effect stands at +1.90% following an improvement in liquidity conditions on the interbank market during this week. The basket effect, for its part, stands at +0.78% due to the rise of the dollar internationally.

Liquidity spreads show a decrease of -94 BPS to 1.49% at the end of this week. Originally, greater export flows this last week.

The week was characterized by high volatility in the international foreign exchange markets. Once again, the Dollar is projected to the fore as the safest asset against euro decline, pending the outcome of the monetary policy meetings of the main Central Banks.
ST hedging strategies are necessary in such a volatile context.

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