The US dollar is at the top of the list of winning currencies today

The US dollar topped the list of the most profitable currencies during Thursday’s trading, supported by the recovery in US Treasury bond yields and better-than-expected economic growth data, as the gross domestic product recorded a growth of about 5.2%, while the markets expected the index to grow by only about 5%, which indicates improvement. The economic conditions are the strongest in the world, which reflected positively on the dollar’s ​​trading against its major currency counterparts today.

In the subsequent position of the green currency, the profits of the remaining major currencies were, in order, as follows:

New Zealand dollar

The New Zealand dollar still enjoys strong support from the statements of the Governor of the Reserve Bank of New Zealand yesterday, Wednesday, after issuing the decision to keep interest rates at the level of 5.50%, as Adrian Orr said that the new inflation expectations indicate that the Reserve Bank of New Zealand may need another hike in interest rates, adding that Inflation risks tend to the upside, and this, in turn, has strengthened market expectations regarding the Reserve Bank of New Zealand continuing its monetary tightening cycle during its upcoming meetings, which has been reflected positively on the performance of the New Zealand dollar against other major currencies.

Canadian dollar

The Canadian dollar’s gains in currency market trading today were driven by the strong rise achieved by crude oil prices during trading, as oil price movements up or down affect Canadian economic growth expectations. And therefore its local currency, given that Canada is considered one of the largest countries exporting crude oil in the world, which led to a clear rise in the Canadian dollar against other major currencies.

Swiss franc

Currency market optimism about the economic conditions in Switzerland boosted the franc’s gains in currency market trading today, as the measure rose. KOF Swiss economic activity during the month of November recorded 96.7 points, better than market expectations, which expected the index to grow to 96.3 points. It was also better than the previous reading last October, which settled at 95.1 points, indicating improved activity in the industrial and service sectors in Switzerland, which fueled Investors are optimistic about the country’s economic recovery, which resulted in the Swiss Franc rising in the currency market today.

Australian dollar

The Australian dollar clearly stabilized during today’s currency market trading, in light of the absence of economic developments affecting the movements of the Australian dollar against other major currencies.