Top Gainers and Losers: New Zealand Dollar and Japanese Yen | IFCM Turkey
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Top Gainers and Losers: New Zealand Dollar and Japanese Yen

22/5/2023

Top Gainers - Global Market

Over the past 7 days, the US Dollar Index has risen for the 3rd consecutive time. The main positive factor was investors' belief that the Fed will maintain the 5.25% interest rate not only until the September 20 meeting but even until the November 1 meeting. According to the CME FedWatch Tool, the probability of keeping the rate (5.25%) in September has exceeded 50%. A week ago, it was only 32.5%. New Zealand Trade Balance in April 2023 turned into a surplus (+$0.427 billion) for the first time since May 2022, which contributed to strengthening the New Zealand Dollar. Japanese inflation unexpectedly rose to 3.5% YoY in April 2023, weakening the yen.

1. Bausch Health Companies Inc, +44.9% - Canadian manufacturer of drugs and medical equipment

2. Western Digital Corporation, +16% - American manufacturer of computer memory and data storage systems

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Top Losers - Global Market

1. Centerra Gold Inc. - Canadian gold mining company

2. Rakuten Inc. - Japanese internet shopping mall and internet services company.

market sentiment ratio long short positions

Top Gainers - Forex Market

1. NZDJPY, CADJPY - the rise in these chart data indicates the strengthening of the New Zealand and Canadian Dollars against the Japanese Yen.

2. USDNOK, AUDJPY - the rise in these chart data indicates the weakening of the Norwegian Krone and Japanese Yen against the US Dollar and Australian Dollar.

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Top Losers - Forex Market

1. GBPNZD, AUDNZD - the decline in these chart data indicates the weakening of the British Pound and Australian Dollar against the New Zealand Dollar.

2. EURNZD, EURCAD - the decline in these chart data indicates the strengthening of the New Zealand Dollar and Canadian Dollar against the Euro.

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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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