- Analytics
- Top Gainers / Losers
Top Gainers and Losers: Japanese Yen and Turkish Lira
Top Gainers - global market
Over the past 7 days, the US dollar index has dropped significantly. Investors were disappointed that inflation fell very slightly in April - to 8.3% y/y from 8.5% in March. At the same time, the profitability of U.S. 10-Year Bond over the past 10 days has fallen quite noticeably - to 2.8% per annum from 3.2%. An additional negative was the increase in the number of new unemployed (United States Initial Jobless Claims) for the week. However, the US dollar did not fall into the loss leaders due to the fact that the euro and the currencies of European countries felt even worse against the backdrop of the ongoing conflict in Ukraine. The Norwegian krone weakened after negative Norway Goods Trade Balance data in April. In addition, a weak GDP for the 1st quarter was published there last week. Danish GDP in the 1st quarter also turned out to be worse than expected. The weakening of the Turkish lira is supported by high inflation (+70% y/y in April) amid the low rate of the Central Bank of the Republic of Turkey (+14%). The Russian ruble continued to strengthen after Russia's decision to sell some natural raw materials for rubles. Strengthening of the Japanese yen was facilitated by good economic indicators. The increase in Japan Core Machinery Orders in March exceeded the forecast. Japanese exports continued to grow in April (+12.5% y/y).
1.IHI Corporation, +21,9% – Japanese aircraft engine manufacturer.
2. Kobe Steel, Ltd., +19,4% – Japanese steel company.
Top Losers - global market
1. Canadian Imperial Bank of Commerce (CIBC) – Canadian bank.
2. Twitter – American social network.
Top Gainers - foreign exchange market (Forex)
1. EURTRY, USDTRY - the growth in these charts means the strengthening of the euro and the US dollar against the Turkish lira.
2. USDNOK, USDDKK - the growth in these charts means the weakening of the Norwegian krone and the Danish krone against the US dollar.
Top Losers - foreign exchange market (Forex)
1. USDRUB, EURRUB - the decline in these charts means the weakening of the US dollar and the euro against the Russian ruble.
2. EURMXN, EURJPY - the decline in these charts means the strengthening of the Japanese yen and the Mexican peso against the euro.
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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.
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