Weekly Top Gainers/Losers: Australian Dollar and South African Rand | IFCM Hong Kong
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Weekly Top Gainers/Losers: Australian Dollar and South African Rand

7/1/2021

Top Gainers – The World Market

The Australian dollar continued to strengthen amid strong Chinese demand for Australian goods and raw materials. This mainly concerns non-ferrous metals, coal and iron ore. Australia's Markit Services PMI rose more than expected in December. The South African rand fell in price due to the increase in the number of coronavirus cases in South Africa. A new, "British" strain 501.V2 has been discovered in this country. The US dollar index halted the decline, but the dollar itself still weakened over the week against some currencies.

1.K&S AG, 26,7% – a German manufacturer of potassium fertilizers

2. China Mengniu Dairy Company Limited, 17,3% – a Chinese milk and ice cream producer

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Top Losers – The World Market

1. CHINA OVERSEAS – a real estate and construction company in Hong Kong

2. Adobe Systems Inc – an American computer software company

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Top Gainers – Foreign Exchange Market (Forex)

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

2. AUDUSD, AUDJPY - the growth of these charts means the strengthening of the Australian dollar against the US dollar and the Japanese yen.

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Top Losers – Foreign Exchange Market (Forex)

1. USDNOK, USDMXN - the drop of these charts means the weakening of the US dollar against the Norwegian krone and the Mexican peso.

2. EURAUD, GBPAUD - the drop of these charts means the weakening of the euro and the British pound against the Australian dollar.

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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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