Top Gainers and Losers: US dollar and Polish zloty

Top Gainers - global market

Over the past 7 days, the US dollar index has shown a strong growth. Investors expect the Fed to increase the rate to 1% from 0.5% at the May 4 meeting. US GDP fell in the 1st quarter of 2022 by (-1.4%). This happened for the first time since the 2nd quarter of 2020, since the beginning of the coronavirus epidemic. This negative has not yet prevented the strengthening of the US currency, as market participants hope for a resumption of economic growth in the next quarters of this year. The Japanese yen strengthened amid rumors of Bank of Japan foreign exchange interventions. On April 28, the USDJPY exchange rate exceeded 130 yen per US dollar for the first time in 20 years. This may cause concern to the Japanese authorities. The Russian ruble continued to strengthen after Russia's decision to sell some natural raw materials for rubles. The South African rand continued to weaken on the back of a downward correction in precious and non-ferrous metals. The currencies of the European countries of Poland and Norway weakened due to the continuation of the political crisis in Eastern Europe.

Top Losers - global market

1. Meta Platforms Inc. – American social network Facebook

2. Alcoa Corp. – American aluminum producer.

Top Gainers - foreign exchange market (Forex)

1. EURZAR, USDZAR - the growth of these charts means the strengthening of the euro and the us dollar against the South African rand.

2. USDNOK, USDPLN - the growth of these charts means the weakening of the Norwegian krone and Polish zloty against the US dollar.

Top Losers - foreign exchange market (Forex)

1. USDRUB, EURRUB - the decline of these charts means the weakening of the US dollar and the euro against the Russian ruble.

2. AUDJPY, GBPJPY - the decline of these charts means the strengthening of the Japanese yen against the Australian dollar and the British pound.