Even though markets are flat, USD/CHF & USD/SGD are up and make this list of surprising top currencies gainers.
Markets are currently flat. EUR/USD trades at 1.093 after losing 0.49%. AUD/USD slipping 0.67% and closing at 0.6736.
Current market events are being influenced by ambiguous macro data as data for United States Crude Oil Inventories published yesterday at 14:30 UTC came out at 2.95 million, beating projections of -917,000 and showing improvement over the preceding figure of -1.28 million.
What are surprising gainers?
Surprising Gainers are low-performing assets that have risen inconsistently with their past behavior and defied their expected daily return, making them surprising. The following list rates assets according to the difference between expectation and actual return: the greater the difference, the higher the rank.
Dollar-Swiss | +0.47% in mid-session
The sentiment that generated 59 pips in cumulative gains over the past 6 days was further evident for USD/CHF. Heading in the same direction for now — tentatively higher from an earlier low of 0.8867, Dollar-Swiss is up to 0.8934 today, adding 42 pips, or 0.47%, to yesterday's closing price of 0.8892.
USD/SGD | +0.21% in mid-session
Today's gains follow 12 days of flat trade. Todays session shows some improvement: tentatively higher from an earlier low of 1.3225, USD/SGD is up to 1.3276 today, adding 28 pips, or 0.21%, to yesterday's closing price of 1.3248.