Top Gainers and Losers: US Dollar and South African Rand

Growth leaders - global market

Over the past 7 days, the US dollar index has corrected downward after a strong growth. Representatives of the U.S. The Federal Reserve said it should not rush to tighten monetary policy. The PRC authorities announced that they would oppose the growth of world prices for raw materials by selling part of the state reserves to their own Chinese companies. This should reduce imports of commodities to China and prevent further growth in their quotations. Against this background, shares of metallurgical companies fell in price, the South African rand weakened, and also pork quotes fell. In addition, inflation in South Africa increased significantly in May, which became an additional negative for the rand. Despite the correction, the US dollar was the growth leader against the currencies of many countries.

Loss Leaders - global market

1. LHOG – Continuous CFD (Contract For Difference) on Lean Pork (Lean Hog)

2. ThyssenKrupp AG – a steel company from Germany, a manufacturer of metalworking machines, elevators and escalators.

Growth leaders - foreign exchange market(Forex)

1. USDZAR, USDNOK, USDCHF - the rise in these charts signifies the strengthening of the US dollar against the South African rand, Norwegian krone and Swiss franc.

2. USDSEK, USDDKK - the growth of these charts means weakening of the Swedish and Danish kroner against the US dollar.

Loss Leaders - foreign exchange market (Forex)

1. EURUSD, EURHKD - the drop in these charts means a weakening of the euro against the US and Hong Kong dollars.

2. AUDUSD, CHFJPY - the decline in these charts signifies the strengthening of the US dollar against the Australian dollar and the Japanese yen against the Swiss franc.