- Analytics
- Top Gainers / Losers
Top Gainers/Losers: New Zealand Dollar and Turkish Lira
Top Gainers – The World Market
Over the past 7 days, the US dollar exchange rate has hardly changed. Investors are hoping for a tightening of the Fed's monetary policy amid high inflation. It is possible that the neutral trend for the dollar will continue until the publication of inflation for May, which will take place on June 10. It is forecast to grow to 4.8% in annual terms from 4.2% in May. The New Zealand dollar has strengthened significantly after the next meeting of the Reserve Bank of New Zealand (RBNZ), held on May 26. It kept the rate (0.25%) but hinted at the possibility of raising it in September 2022. The Turkish lira weakens ahead of the release of inflation data for May. In April, it skyrocketed to 17.1% in annual terms. In addition, a negative factor is the large volume of redemption of Turkish corporate and government bonds in June. The South African rand strengthened on the back of a record South African foreign trade surplus amid rising global prices for metals and commodities. In March, the surplus amounted to 52.8 billion rand, which is much higher than the forecast (35.6 billion rand). South Africa's trade balance for April will be released on May 31.
1.Ford Motor Company, +14,4% – American car manufacturer
2. K&S AG, +10,7% – German potash fertilizer company
Top Losers – The World Market
1. Sandfire Resources NL – Australian copper and precious metals mining company
2. Iluka Resources Ltd – Australian producer of mineral fertilizers.
Top Gainers – Foreign Exchange Market (Forex)
1. EURTRY, USDTRY - the growth of these charts means the strengthening of the euro and the US dollar against the Turkish lira.
2. USDNOK, NZDCAD - the growth of these charts means the weakening of the Norwegian krone against the US dollar and the weakening of the Canadian dollar against the New Zealand dollar.
Top Losers – Foreign Exchange Market (Forex)
1. EURZAR, USDZAR -the drop of these charts means the weakening of the US dollar and the euro against the South African rand.
2. AUDNZD, GBPNZD - the drop of these charts means the strengthening of the New Zealand dollar against the Australian dollar and the British pound.
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Previous Top Gainers & Losers
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