MAD Outlook: AGR Holds USD/MAD Targets Steady Amid Dollar Strength Expectations

Attijari Global Research (AGR) has left its near-term projections for the Moroccan dirham unchanged against the US dollar, citing consistent EUR/USD parity forecasts and improving liquidity conditions in the FX market. The research desk sees the USD/MAD pair at 9.33, 9.38, and 9.41 over one, two, and three months respectively, compared to a spot level of 9.27, while EUR/MAD targets are set at 10.65, 10.71, and 10.74 versus a spot of 10.78.

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