Even though markets are flat, NZD/USD and GBP/CAD are up and make this list of surprising top currencies gainers.
The US dollar is stagnant in comparison to other currencies — USD/JPY slipping 0.98% and closing at 133.98. USD/CHF drawing back 0.33% to 0.9339.
Current market events are being influenced by ambiguous macro data as United States ISM Manufacturing PMI (Nov) released yesterday at 15:00 UTC with a figure of 49, while the previous figure was 50.2.
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.
Today's gains are adding to GBP/CAD's a 23 day bullish trend, during which it gained a total of 1,103 pips.
The New-Zealand Dollar up 30 pips to 0.6404 building up on its four days of gains
Today's session so far looks to be heading in the same direction — the Kiwi posts light gains on a low-volatility day, ranging between 0.6358 – 0.6414 and is now at 0.6404.