Top Gainers and Losers: US dollar and New Zealand dollar | IFCM Canada
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Top Gainers and Losers: US dollar and New Zealand dollar

22/9/2022

Top Gainers - global market

Over the past 7 days, the US dollar index has grown significantly and updated the maximum since June 2002. Now it is trading above the psychological level of 110 points. Over the past 12 months, the US dollar index has risen by almost 20%. The main positive for the US currency was the increase in the Fed rate to 3.25% from 2.5% at the meeting on September 21. Investors do not rule out that by March 2023 the rate may increase to 4.5%. Bank of Japan maintained a negative rate (-0.1%) at the September 22 meeting. At the same time, BOJ carried out foreign exchange intervention for the first time since 1998. This contributed to the strengthening of the yen. The Canadian dollar and the Norwegian krone weakened amid stagnation in global hydrocarbon prices. These countries actively produce and export oil and natural gas. The New Zealand Trade Balance 12-Months record deficit in August could have contributed to the decline in the New Zealand dollar quotes. Note that the negative balance of New Zealand foreign trade has been observed for 16 months in a row.

1.XRPUSD, +16,6% – Ripple cryptocurrency (XRP)

2. Netflix Inc., +8,6% – American subscription streaming service

market sentiment ratio long short positions

Top Losers - global market

1. Arconic Inc. – American manufacturer of aluminum products

2. FedEx Corporation –American postal and shipping company.

market sentiment ratio long short positions

Top Gainers - foreign exchange market (Forex)

1. USDSEK, USDPLN - the growth of these charts means the strengthening of the US dollar against the Swedish krona and Polish zloty.

2. USDNOK, USDCAD - the growth of these charts means the weakening of the Norwegian krone and the Canadian dollar against the US dollar.

market sentiment ratio long short positions

Top Losers - foreign exchange market (Forex)

1. NZDJPY, NZDUSD - the decline in these charts means the weakening of the New Zealand dollar against the Japanese yen and the US dollar.

2. CADJPY, GBPJPY - the decline in these charts means the strengthening of the Japanese yen against the Canadian dollar and the British pound.

market sentiment ratio long short positions

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Note:
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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