AGR Raises USD/MAD Forecasts as Dollar Surges 1% Against Dirham

Attijari Global Research has upgraded its USD/MAD exchange rate projections following a significant weekly appreciation of the dollar against the Moroccan dirham. The currency pair climbed 1% to reach 9.35 during the first week of September 2026, marking its strongest movement since the beginning of the year. The shift is primarily attributed to tightening dirham liquidity conditions in the interbank foreign exchange market as Morocco's summer period concluded.

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