Weekly Top Gainers/Losers: Turkish Lira and Euro | IFCM UAE
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Weekly Top Gainers/Losers: Turkish Lira and Euro

4/2/2021

Top Gainers – The World Market

The US dollar has strengthened significantly over the past 7 days. Investors expect new US President Joe Biden's tax initiatives to cut government deficits. Euro fell in price amid weak EU macroeconomic data. Core Inflation Rate YoY in January rose to 1.4%. GDP Growth Rate YoY fell 5.1%. The Turkish lira strengthened due to the rise in the rate of the Central Bank of Turkey at the end of 2020 to 17%. At the same time, the Central Bank of Turkey intends to maintain high rates until 2023 and expects inflation to fall to 10% by the end of 2021.

1.Mitsubishi Motors Corporation, 17,1% – Japanese car company

2. Anglo-American PLC, 13,3% –British mining company

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Top Losers – The World Market

1. Harley-Davidson, Inc. – American motorcycle manufacturer

2. Fresenius Medical Care AG & Co KGaA – German medical equipment manufacturer

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Top Gainers – Foreign Exchange Market (Forex)

1. USDCHF, USDSEK - the growth of these charts means the weakening of the Swiss franc and the Swedish krona against the US dollar.

2. USDRUB, USDDKK - the growth of these charts means the strengthening of the US dollar against the Russian ruble and the Danish krone.

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Top Losers – Foreign Exchange Market (Forex)

1. EURTRY, USDTRY - the drop of these charts means the weakening of the euro and the US dollar against the Turkish lira.

2. EURZAR, EURPLN - the drop of these charts means the weakening of the euro against the South African rand and the Polish zloty.

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Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.


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