Top Gainers and Losers: US Dollar and Euro | IFCM
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Top Gainers and Losers: US Dollar and Euro

10/2/2023

Top Gainers - global market

Over the past 7 days, the US dollar index continued its growth. It began shortly after the Fed raised the rate by 0.25% to 4.75% on February 1. Last week, the Federal Reserve Bank of Richmond President Thomas Barkin and some other Fed representatives expressed the opinion that further rate hikes are needed. This strengthened the US dollar. An additional positive was the preliminary rise of the University of Michigan US Consumer Sentiment in February 2023 to a maximum since January 2022. The weakening of the euro contributed to the fall of European Union Retail Sales in December by -2.7% m/m, as well as relatively high pre-inflation in Germany in January (+8.7% y/y). The South African rand declined along with South Africa Mining Production (-3.5% y/y) in December.

1. Tesla Motors, +14.3% – American electric vehicle manufacturer

2. Meta Platforms Inc , +16.2% – American social networking site Facebook

market sentiment ratio long short positions

Top Losers - global market

1. SOLUSD – Solana (SOL) cryptocurrency

2. XMRUSD – Monero (XMR) cryptocurrency.

market sentiment ratio long short positions

Top Gainers - foreign exchange market (Forex)

1. USDZAR, USDPLN - the growth of these charts means the strengthening of the US dollar against the South African rand and the Polish zloty.

2. USDDKK, USDNOK - the growth of these charts means the weakening of the Danish and Norwegian kroner against the US dollar.

market sentiment ratio long short positions

Top Losers - foreign exchange market (Forex)

1. AUDUSD, NZDUSD - the decline of these charts means the weakening of the Australian and New Zealand dollars against the US dollar.

2. EURSEK, EURUSD - the decline of these charts means the strengthening of the Swedish krona and the US dollar against the euro.

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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