Weekly Top Gainers/Losers: Australian Dollar and South African Rand


Top Gainers – The World Market

The Australian dollar continued to strengthen amid strong Chinese demand for Australian goods and raw materials. This mainly concerns non-ferrous metals, coal and iron ore. Australia's Markit Services PMI rose more than expected in December. The South African rand fell in price due to the increase in the number of coronavirus cases in South Africa. A new, "British" strain 501.V2 has been discovered in this country. The US dollar index halted the decline, but the dollar itself still weakened over the week against some currencies.

1.K&S AG, 26,7% – a German manufacturer of potassium fertilizers

2. China Mengniu Dairy Company Limited, 17,3% – a Chinese milk and ice cream producer

Top Losers – The World Market

1. CHINA OVERSEAS – a real estate and construction company in Hong Kong

2. Adobe Systems Inc – an American computer software company

Top Gainers – Foreign Exchange Market (Forex)

1. EURZAR, USDZAR - the growth of these charts means the weakening of the South African rand against the euro and the US dollar.

2. AUDUSD, AUDJPY - the growth of these charts means the strengthening of the Australian dollar against the US dollar and the Japanese yen.

Top Losers – Foreign Exchange Market (Forex)

1. USDNOK, USDMXN - the drop of these charts means the weakening of the US dollar against the Norwegian krone and the Mexican peso.

2. EURAUD, GBPAUD - the drop of these charts means the weakening of the euro and the British pound against the Australian dollar.