Against the current: Markets are down, yet USD/SGD & USD/JPY have maintained their composure as top gainers. These currencies are typically quiet, but showed up yesterday to record significant gains.
The US dollar is weakening against a basket of currencies — AUD/USD trades at 0.6763 after losing 1.5%. GBP/USD slipping 0.71% and closing at 1.2341.
Amid the market gloom, United States Interest Rate came out at 4.5, while a consensus of analysts was expecting 4.5.
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/Yen currency pair adds 130 pips or 0.97%
USD/JPY rallies 130 pips (0.97%) deep into the session, trading at 136.72.
0.76% boost for USD/SGD currency pair so far today
Tentatively higher from an earlier low of 1.3449, USD/SGD is up to 1.3555 today, adding 102 pips, or 0.76%, to yesterday's closing price of 1.3452.