According to a note from Attijari Global Research (AGR), the US dollar appreciated by 0.4% against the Moroccan dirham during the week of July 20-24, 2026. The USD/MAD exchange rate moved from 9.33 to 9.36, reflecting a depreciation of the Moroccan currency.
AGR attributes this movement to a double effect unfavorable to the dirham, as stated in their weekly report. The note highlights that both the euro and the dollar strengthened against the dirham during this period, influenced by international market dynamics.
This development comes amid ongoing fluctuations in global currency markets, with the dollar index showing resilience. The Moroccan dirham remains managed within a band by the central bank, and such weekly variations are common.
Analysts suggest that the dirham's performance will continue to be influenced by external factors, including monetary policy decisions in major economies and commodity price trends.
