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Weekly Top Gainers/Losers: Turkish Lira and Euro
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
Top Losers – The World Market
1. Harley-Davidson, Inc. – American motorcycle manufacturer
2. Fresenius Medical Care AG & Co KGaA – German medical equipment manufacturer
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.
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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