Top Gainers and Losers: US Dollar and South African Franc


Top Gainers - Global Market

Over the past 7 days, the US dollar index has risen and moved up from the neutral range it had been in for about a month and a half. The main positive was investors' belief that the Fed will keep the rate at 5.25% at least until the September 20 meeting. The South African rand weakened on weak statistics. South Africa Mining Production in March decreased by -2.6% y/y, for the 14th month in a row.

1. Goodyear Tire & Rubber Company, +28.3% – an American manufacturer of tires for cars, trucks, and other wheeled vehicles

2. Shinsei Bank, Ltd., +21.8% – a Japanese bank

Top Losers - Global Market

1. MBIA Inc. – an American insurance and financial company

2. PayPal Holdings Inc – an American company providing electronic payment services.

Top Gainers - Forex Market

1. USDZAR, EURZAR - the rise in these charts indicates the strengthening of the US dollar and euro against the South African rand.

2. USDCZK, USDSEK - the rise in these charts indicates the weakening of the Czech and Swedish crowns against the US dollar.

Top Losers - Forex Market

1. EURMXN, EURHKD - the decline in these charts indicates the weakening of the euro against the Mexican peso and Hong Kong dollar.

2. NZDUSD, AUDUSD - the decrease in these charts indicates the strengthening of the US dollar against the Australian and New Zealand dollars.