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Weekly Top Gainers/Losers
Top Gainers – The World Market
The US dollar continued to weaken, pending approval of an additional package to support the US economy hit by the coronavirus. Funds are likely to be allocated through emissions. Amidst the signs of a recovery in the global economy, the currencies of commodity countries - the South African rand and the Mexican peso, were in demand. Euro and European currencies have strengthened over the past 7 days, as economic data from the EU were positive. The main reason for this was the EU's GDP drop by 12.1% in quarterly terms, and the US GDP decline by 32.9% in the 2nd quarter of 2020.
1.Tesla Motors Inc., 36.9% – American manufacturer of electric vehicles and space technology
2. CHINA UNICOM, 33.1% – Chinese mobile operator
Top Losers – The World Market
1. ThyssenKrupp AG – German steel company
2. Treasury Wine Estates Ltd – Australian wine producer
Top Gainers – Foreign Exchange Market (Forex)
1. USDTRY, EURTRY - the growth of these charts means the strengthening of the euro and the US dollar against the Turkish lira.
2. EURRUB, EURNZD - the growth of these charts means the weakening of the Russian ruble and the New Zealand dollar against the euro.
Top Losers – Foreign Exchange Market (Forex)
1. USDZAR, USDMXN - the drop of these charts means the weakening of the US dollar against the South African rand and Mexican peso.
2. USDNOK, USDPLN - the drop of these charts means the weakening of the US dollar against the Norwegian krone and the Polish zloty.
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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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