2023-08-18 07:37:52
These spreads should, however, readjust upwards from September 2023, indicates AGR in this note, covering the period from August 7 to 11.
The target levels of the USD/MAD parity stand at 9.82, 9.91 and 10.01 at horizons of 1, 2 and 3 months against a spot rate of 9.88, while the target levels of the EUR/MAD parity stand at 10.67, 10.77 and 10.88 at horizons 1, 2 and 3 months against a spot rate of 10.87.
Given the forecasts for the EUR/USD parity and the liquidity conditions on the foreign exchange market, the AGR analysts have revised their forecasts upwards for a horizon of 2 and 3 months, underlines the note.
He added that brokers’ EUR/USD forecasts have been stable this week. These stand out in favor of a rise in the dollar for up to 3 months compared to spot levels.
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