Even though markets are flat, USD/CHF & USD/SGD are up and make this list of surprising top currencies gainers.
Markets don't have a clear cut direction — EUR/USD drawing back 0.49% to 1.093. AUD/USD trades at 0.6736 after losing 0.67%.
Current market events are being influenced by ambiguous macro data as highly important Crude Oil Inventories data from United States beat analyst expectations of -917,000 with a reading of 2.95 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. Consistent 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.
Today's gains follow 12 days of flat trade