Attijari Global Research (AGR) has revised upward its forecasts for the dirham’s exchange rate against the dollar for the next three months, according to its currencies note covering the period of September 22 to 26.
Based on expectations for the EUR/USD pair and liquidity conditions in the Moroccan foreign exchange market, AGR now projects the U.S. dollar at 9.09 dirhams in one month, 9.14 in two months and 9.11 in three months. The spot rate currently stands at 9.10.
For the euro, AGR anticipates levels of 10.82 dirhams at one month, 10.88 at two months and 10.84 at three months, compared with a current spot rate of 10.62.
The research house noted that dirham liquidity spreads are expected to gradually tighten with the end of the summer period, supporting the revised projections.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.