Even though markets are flat, USD/SGD and USD/CAD are up and make this list of surprising top currencies gainers.
Markets don't have a clear cut direction — AUD/USD drawing back 1.05% to 0.6626. EUR/USD trades at 1.0973 after losing 0.68%.
Current market events are being influenced by ambiguous macro data as United States New Home Sales (Mar) released today at 14:00 UTC with a figure of 683,000, while the previous figure was 623,000.
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.
USD/SGD | +0.39%; session high: 1.3392 session low: 1.3317
- USD/SGD is now trading 7.28% away from its significant high of 1.4379 first tested 6 months ago.
- 8 days and 114 pips of gains were not enough.
As things stand, USD/SGD is 7.28% away from a significant high of 1.4379, first set 6 months ago.
US Dollar-Canadian Dollar | +0.64%; session high: 1.3648 session low: 1.352
The sentiment that generated 201 pips in cumulative gains over the past 8 days was further evident for US Dollar-Canadian Dollar. This session seems to remain in the same lane for now — US Dollar-Canadian Dollar spikes to 1.3628, climbing by 86 pips.