Global Economy
USD/MAD Exchange Rate Slides 0.48% in Early December, Liquidity Tightens
The Moroccan dirham weakened slightly against the U.S. dollar in the first week of December, with the USD/MAD pair falling from 9.28 to 9.23 – a 0.48% slide. Attijari Global Research attributes the move to a negative basket effect driven by a softer dollar versus the euro and a modest tightening of dirham liquidity. Liquidity spreads widened by three basis points, and analysts forecast that this tightening will continue gradually over the next few weeks. Stay updated with daily currency insights and market commentary across our social channels.
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Weekly overview
The USD/MAD pair slipped 0.48% between Dec 1 and Dec 5, moving from 9.28 to 9.23 per dirham, according to Attijari Global Research (AGR).
The decline is driven by a negative basket effect of 0.45% caused by a weaker dollar against the euro, and a modest liquidity effect of -0.03% reflecting slightly tighter dirham liquidity, as detailed in AGR’s “Weekly Mad Insights – Currencies” note.
Liquidity spreads
Liquidity spreads widened by 3 basis points, reaching -2.79% over the week.
Analysts expect the tightening of spreads to continue gradually over the coming weeks.
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