Top Gainers and Losers: New Zealand Dollar and Japanese Yen


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

Top Losers - Global Market

1. Centerra Gold Inc. - Canadian gold mining company

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

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.

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.