فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
A recent report titled “Weekly Mad Insights – Currencies” issued by Attijari Global Research (AGR) revealed that the dollar/dirham exchange rate appreciated by 0.66% during the week of August 26-30, moving from 9.66 to 9.73.
The report explained that this development is attributed to a basket effect of 0.28% due to the dollar’s decline against the euro, coupled with a market effect of 0.38% resulting from tightened liquidity conditions in the foreign exchange market.
AGR noted that liquidity spreads increased by 38 basis points to -0.75% this week. They expect this trend to persist in the short term, with a gradual tightening of dirham liquidity spreads as the summer period comes to an end.
The report also indicated that financial markets are anticipating a pivot by the Federal Reserve in September, which could pave the way for a new phase of monetary easing in the United States.
As for the European Central Bank, it is expected to continue lowering key interest rates during upcoming monetary policy meetings this year.
However, AGR analysts emphasized that the magnitude of interest rate reductions and their sequence remain uncertain. They recommended that importers reduce their hedging horizon to less than 3 months.
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