The “Agricultural Research Center” (AGR) stated that the uncertainty surrounding decisions from the U.S. Federal Reserve is likely to exacerbate fluctuations in the value of the dollar and other currencies in the short term.
Regarding its forecasts for the dollar-dirham currency pair over one, two, and three months, the center noted that these predictions consider the expected exchange rate of the euro against the dollar, which shows a tendency for the euro’s value to improve against the dollar over a three-month horizon. It also takes into account liquidity conditions in the currency market.
The center added that the liquidity margins for the dirham are expected to gradually tighten over the coming one, two, and three months.
Under these circumstances, the target levels for the dollar-dirham pair are projected to be 9.16, 9.21, and 9.23 over one, two, and three months, respectively, compared to a current spot rate of 9.28.
For the euro-dirham pair, the target levels are expected to be 10.86, 10.91, and 10.94 over the same periods, compared to a current spot rate of 10.72.
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