Weekly Top Gainers/Losers: Australian Dollar and US Dollar | IFCM UK
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Weekly Top Gainers/Losers: Australian Dollar and US Dollar

11/2/2021

Top Gainers – The World Market

The US dollar weakened noticeably over the past 7 days. Investors fear a rise in inflation in the USA amid large-scale measures to stimulate the American economy. Against the backdrop of continued growth in global prices for oil, copper and non-ferrous metals, the commodity-based currencies such as the Russian ruble, the South African rand, the Australian dollar, the Norwegian krone have strengthened. The Turkish lira was supported by the increase in the rate of the Central Bank of Turkey at the end of 2020 to 17%. At the same time, the Central Bank of Turkey intends to keep high rates until 2023 and expects inflation to drop to 10% by the end of 2021.

1.Mitsubishi Motors Corporation, 27,6% – japanese automobile company

2. Kobe Steel, Ltd., 27% – japanese steel company

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Top Losers – The World Market

1. Origin Energy Ltd – Australian electricity and gas producer

2. Unilever PLC – British manufacturer of food and consumer products

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Top Gainers – Foreign Exchange Market (Forex)

1. AUDUSD, AUDJPY - the growth of these charts means the weakening of the US dollar and the Japanese yen against the Australian dollar.

2. AUDNZD, GBPNZD - the growth of these charts means the weakening of the New Zealand dollar against the Australian dollar and the British pound.

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Top Losers – Foreign Exchange Market (Forex)

1. EURRUB, USDRUB - the drop of these charts means the weakening of the euro and the US dollar against the Russian ruble.

2. USDZAR, USDTRY, USDNOK - the drop of these charts means the weakening of the US dollar against the South African rand, Turkish lira and Norwegian krone.

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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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