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- Top Gainers / Losers
Top Gainers and Losers: Euro and US dollar
Top Gainers - global market
Over the past 7 days, the US dollar index continued to decline. As expected, the Federal Reserve System (Fed) raised the rate by 0.25% to 5% from 4.75% at its meeting on March 22. However, the American regulator did not rule out a rate cut to 4.5% by the end of this year as the pace of consumer price growth slows. This may have disappointed investors. Recall that inflation in the US was 6% y/y in February. Data for March will be released on April 12. The decline in natural gas prices was due to the end of the heating season in Europe and North America. The Canadian dollar weakened against the backdrop of falling oil prices. In addition, inflation in Canada in February 2023 fell to 5.2% y/y. This is the lowest level since January 2022. Slowing consumer price growth reduces the likelihood of an interest rate hike by the Bank of Canada (4.5%) at its meeting on April 12. The euro strengthened thanks to an unexpected increase in the European Union Current Account surplus to 17.1 billion euros in January 2023. This is the highest level since February 2022. The EU's trade balance deficit also unexpectedly decreased.
Top Losers - global market
1. MBIA Inc. – American insurance company.
2. NATGAS – CFD on U.S. Henry Hub Natural Gas Futures.
Top Gainers - foreign exchange market (Forex)
1. EURTRY, EURUSD - the growth of these charts means the strengthening of the euro against the US dollar and Turkish lira.
2. EURHKD, EURCAD - the growth of these charts means the weakening of the Hong Kong and Canadian dollars against the euro.
Top Losers - foreign exchange market (Forex)
1. USDCZK, USDNOK - the decline of these charts means the weakening of the Canadian dollar and the euro against the Japanese yen.
2. USDPLN, USDSEK - the decline of these charts means the strengthening of the Polish zloty and the Swedish krona against the US dollar.
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Previous Top Gainers & Losers
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