Attijari Global Research (AGR) revised his forecasts from the USD/MAD couple to Horizon 1, 2 and 3 months in his note “Weekly Mad Insights Currencies” from March 24th to 2825.
These forecasts take into account those of EUR/USD parity and liquidity conditions on the exchange market, which indicates AGR. In fact, the forecasts of the EUR/USD parity of the brokers are always in favor of depreciation of the euro compared to the dollar over $ 3 months, and added that the Dirham’s liquidity protrusion should stabilize for Horizon to Horizon for 3 months in relation to Horizon for 1 month.
Under these circumstances, the target levels of the USD/MAD parity stands out at 9.69; 9.74 and 9.69 on horizons of 1, 2 and 3 months against a 9.66 spot course. With regard to the target levels of EUR/MAD parity, they are at 10.4; 10.45 and 10.4 in Horizons 1, 2 and 3 months against a spot of 10.41.
