AGR: the essentials of the “Weekly Mad Insights – Currencies” note

Here is the essence of the “Weekly MAD Insights – Currencies” note, published by Attijari Global Research (AGR) for the week of November 7 to 11, 2022: – The dollar is falling below 11 dirhams this week, with an evolution -2.44%;

– The banks’ foreign exchange position widened to -3.1 billion dirhams on a weekly average;

– Liquidity spreads reached a new record at 4.86% on Monday before closing at 4.83%;

– the target levels of the USD/MAD parity stand at 11.11, 11.06 and 10.96 at horizons of 1, 2 and 3 months against a spot rate of 10.75;

– The target levels of the EUR/MAD parity stand at 10.73, 10.67 and 10.57 at horizons of 1, 2 and 3 months against a spot rate of 11.04.

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