Top Gainers and Losers: American and New Zealand dollars

Top Gainers - global market

Over the past 7 days, the US dollar index rose and hit a 20-year high. This was facilitated by good economic statistics on the labor market from independent agencies ISM, ADP, Challenger and some others. Investors are looking forward to positive official data (United States Nonfarm Payrolls) for August, which will be released on September 2. The euro is supported by the plans of the European Central Bank to raise the rate (+0.5%) for the second time in a row at the meeting on September 8. The New Zealand dollar weakened amid the opinion of Adrian Orr (head of the Reserve Bank of New Zealand (RBNZ) that the rate hike slowed down the growth of the New Zealand economy. Recall that the RBNZ increased its rate 7 times in a row from 0.25% to 3%. Shares Tesla fell on the back of a reduction in subsidies for sales of electric vehicles in the US, in accordance with the Inflation Reduction Act, and a strong increase in electricity prices in the EU could also be a negative factor.

Top Losers - global market

1. Tesla Motors Inc. – American manufacturer of electric vehicles

2. EOSUSD – EOS cryptocurrency.

Top Gainers - foreign exchange market (Forex)

1. EURJPY, EURNZD - the increase in these charts means the strengthening of the euro against the Japanese yen and the New Zealand dollar.

2. USDNOK, EURCHF - the increase in these charts means the weakening of the Norwegian krone against the US dollar and the Swiss franc against the euro.

Top Losers - foreign exchange market (Forex)

1. USDPLN, USDCZK - the decline in these charts means the weakening of the US dollar against the Polish zloty and the Czech crown.

2. NZDUSD, GBPSEK - the decline in these charts means the strengthening of the US dollar against the New Zealand dollar and the strengthening of the Swedish krona against the British pound.