Even though markets are flat, GBP/CAD & USD/CAD are up and make this list of surprising top currencies gainers.
Markets are mixed with USD/CHF drawing back 0.61% to 0.916. GBP/USD up to 1.2346, gaining 0.47%.
This limbo state is reflected by market data published as United States Producer Price Index published today at 13:30 UTC came out at -0.5%, falling short of the -0.1% projections and continuing its decline from the previous 0.2% figure.
What are surprising gainers?
Surprising Gainers are low-performing assets that have sprung up uncharacteristically with their past behavior and beat their expected daily return, making them surprising. The following list rates such assets in line with the difference between expectation and actual return. The greater the difference, the higher the rank.
Sterling-Canadian dollar | +1.27%; session high: 1.6661 session low: 1.6646
Having gone up 293 pips over the past 14 days, This session seems to remain in the same lane for now — Sterling-Canadian dollar spikes to 1.6659 gaining 208 pips.
Today's gains are adding to US Dollar-Canadian Dollar's a 6 day bullish trend, during which it gained a total of 22 pips.