Markets closed higher yet USD/CHF, USD/SGD, USD/CAD top this unflattering list of yesterday's losers
A review of what happened yesterday: the US dollar is getting stronger in comparison to other currencies — EUR/USD ended the session at 1.0354 after a 1.45% gain. After dropping 1.53%, USD/JPY closed at 138.84.
More data out yesterday as United States U.S. Baker Hughes Oil Rig Count released yesterday at 18:00 UTC with a figure of 622, while the previous figure was 613.
Despite the climb, markets experienced yesterday, some currencies suffered losses. Take a look at our top losers.
US Dollar-Canadian Dollar | Closed yesterday's session at 1.3254
Bearish sentiment ensured US Dollar-Canadian Dollar finished yesterday's session lower. However, despite the downward bias, US Dollar-Canadian Dollar etched out a distinct 1.3236 to 1.3361 session range.
Dollar-Swiss | Closed yesterday's session at 0.9413
Dollar-Swiss's bearish run has lasted 9 days so far (-495 pips). More of the same from yesterday's session: Dollar-Swiss slid into the red after losing 226 pips and ending the session at 0.9413.
USD/SGD | Currently down 0.75% at 1.3721
USD/SGD's downtrend has seen it decline 2.15% in 3 days Yesterday's session continued the recent downtrend: USD/SGD slid down from 1.3824 to 1.3721, losing 103 pips (0.75%) today.