Despite markets remaining subdued Friday, GBP/CAD and USD/CAD recorded sufficient gains to qualify as standout gainers in currencies.
In relation to other currencies, the US dollar is stagnant — EUR/USD was down 0.44% before closing the session at 1.032. USD/CHF closed the day at 0.9546, having gained 0.26%.
What are surprising gainers?
Surprising Gainers are low-performing assets that have jumped up in a way that is inconsistent with their past behavior and gained more than their expected daily return, thus making them surprising. The following list rates assets according to the difference between expectation and actual return: the bigger the difference, the higher the rank.
Bullish currency pair Sterling-Canadian dollar runs out of steam at 1.5917; currently at 1.5911
Friday's session pointed in the same direction — after closing at 1.5911 Friday, GBP/CAD maintained a strong bullish bias that helped the stock close higher at 1.5911. However, market bears ensured the Sterling-Canadian dollar topped out at 1.5917 and that by the end of the session, the market had marked out a distinct 1.5911 to 1.5917 range.
US Dollar-Canadian Dollar up four days in a row, gaining 60 pips, closing at 1.3384.
Friday's session pointed in the same direction — generally flat but with a slight bullish bias, US Dollar-Canadian Dollar ranged between 1.3383 and 1.339 before closing higher at 1.3384.