INTERNATIONAL HIGHLIGHTS
The USD/MAD pair appreciated by +0.53% to 10.87 in one week. This can be explaied by the continued appreciation of the Dollar internationally neutralized the improvement in liquidity conditions within the
interbank foreign exchange market.
Under these conditions, liquidity spreads fell by -79 BPS to 2.84%, for the first time in more than a month.
According to the latest available data, the foreign exchange position fell sharply to MAD 649 Mn this week against 5.6 MMDH a week earlier. This development is mainly explained by the outflow of dividends from foreign shareholders during this month.
The week was characterized by intense volatility in the international foreign exchange markets. Again, the
Dollar is projected to the fore as "the" safe-haven asset in a context of energy crisis in Europe.
More than ever, highly ST hedging strategies are necessary in such a volatile environment.
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Sur le même thème
MAD Insights - september 22nd, 2022
The USD/MAD pair continues to follow its uptrend thus reaching a new high of 20 years at 10.8089.
MAD Insights - september 16th, 2022
The upward trend of the USD/MAD parity continues on the foreign exchange market with an increase of +1.47% to 10.7430 this week, i.e. a highest since 2002.
MAD Insights - september 9th, 2022
The Dirham depreciated this week against the Dollar because of a double basket-liquidity effect. The USD/MAD pair appreciated by +0.37% to 10.5870 in one week, its highest level seen since 2002.
