Top Gainers and Losers: Swiss Franc and Japanese Yen | IFCM UAE
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Top Gainers and Losers: Swiss Franc and Japanese Yen

14/4/2023

Top Gainers - global market

Over the past 7 days, the US dollar index continued to decline. In March, consumer price growth slowed down. Inflation amounted to 5% y/y, the lowest since April 2021. At the same time, there was a noticeable decrease in United States Retail Sales by -1% m/m. American economic indicators contributed to the weakening of the dollar. Note that most investors still expect the Fed to raise the rate by 0.25% from the current level of 5% at the May 3 meeting. This is a support factor for the US dollar. The strengthening of the Swiss franc was supported by lower inflation (+2.9% y/y) and Switzerland Producer Price Index (2.1% y/y) in March. The Japanese yen weakened amid the Bank of Japan's announcement of plans to create a digital yen (central bank digital currency).

1. Solana (SOL), +17.6% – cryptocurrency

2. CEMEX S.A.B. de C.V., +14.1% – manufacturer of construction materials

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Top Losers - global market

1. Baidu Inc – Chinese internet company

2. American Airlines Group Inc. – American airline company.

market sentiment ratio long short positions

Top Gainers - foreign exchange market (Forex)

1. CHFJPY, EURJPY - the growth of these charts means the strengthening of the Swiss franc and the euro against the Japanese yen.

2. AUDJPY, CADJPY - the growth of these charts means the weakening of the Japanese yen against the Australian and Canadian dollars.

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Top Losers - foreign exchange market(Forex)

1. USDPLN, USDCZK - the decline of these charts means the weakening of the US dollar against the Polish zloty and the Swedish krona.

2. USDCHF, NZDCHF - the decline of these charts means the strengthening of the Swiss franc against the US and New Zealand dollars.

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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