Top Gainers and Losers: Swiss Franc and Japanese Yen


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

Top Losers - global market

1. Baidu Inc – Chinese internet company

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

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.

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.