Against the grain: Markets are broadly down – however – USD/SGD and USD/CHF have managed to record significant gains to stand out as the market's top gainers. On average, these currencies are subdued, although yesterday's price action saw them recording significant gains.
The US dollar is losing strength against a basket of currencies — AUD/USD drawing back 1.1% to 0.6657. GBP/USD slipping 0.93% and closing at 1.1806.
This down-slide takes place while United States macroeconomics indicators data published earlier are pointing downward as well — highly important Crude Oil Inventories data from United States beat analyst expectations of -440,000 with a reading of -5.4 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 continues a five day positive streak and is up 41 pips to 0.9492
Consistent for now — Dollar-Swiss trades at 0.9492 after gaining 41 pips (0.44%).
USD/SGD trades at 1.3772 after making its largest single-day jump
USD/SGD jumps by 0.52% for its largest single-day gain since Sep 26.