Attijari Global Research (AGR) has revised upwards its forecasts for the dirham over the next 3 months, given the liquidity conditions of the national currency and forecasts for the EUR/USD.
Compared to the spot rate, the dirham should appreciate once morest the US dollar over 1, 2 and 3 months, estimates AGR in its recent note “Weekly Mad Insights – Currencies”, adding that the target levels of the USD/MAD parity stand at 9.69, 9.74 and 9.69 at 1, 2 and 3 month horizons once morest a spot price of 9.83.
Against the euro, the dirham should depreciate over the same horizons, notes AGR, noting that the target levels of the EUR/MAD parity stand at 10.66, 10.72 and 10.66 at horizons 1, 2 and 3 month once morest a spot rate of 10.64.
