Top Gainers and Losers: the American dollar and the Japanese yen

Top Gainers - global market

Over the past 7 days, the US dollar index continued to rise for the 3rd week in a row. Investors do not rule out a further increase in the Fed rate by another 0.25% - up to 5% from the current level of 4.75%. According to CME FedWatch, the probability of this at the Fed meeting on March 22 reaches 82%. The strengthening of the Swedish krona contributed to good data on unemployment. It contracted in January and hit a multi-year low of 6.5%. In addition, the krone continued to win back positively in the form of an increase in the Sveriges Riksbank rate on February 9 to a multi-year high of 3%. Note that on the same day, the Bank of Mexico unexpectedly raised the rate to 11%. This caused the peso to appreciate. The weakening of the yen was supported by a sluggish advance in the preliminary Japan Gross Domestic Product for the 4th quarter of 2022, as well as a record Japan Trade Balance deficit in January. Investors are awaiting the appointment of a new Bank of Japan Governor in the next few days. Earlier, the Japanese government nominated Kazuo Ueda for this post.

Top Losers - global market

1. AMP Ltd – Australian financial corporation

2. Link Real Estate Investment Trust – Hong Kong real estate investment company.

Top Gainers - foreign exchange market (Forex)

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

2. USDJPY, CADJPY - the growth of these charts means the strengthening of the US and Canadian dollars against the Japanese yen.

Top Losers - foreign exchange market (Forex)

1. GBPSEK, EURSEK - the decline of these charts means the weakening of the British pound and the euro against the Swedish krona.

2. EURMXN, USDMXN - the decline of these charts means the strengthening of the Mexican peso against the euro and the US dollar.