Against the current: Markets are down, yet USD/CHF, USD/SGD, EUR/GBP go up and make this list of top gainers.
The US dollar is weakening against a basket of currencies — GBP/USD slipping 0.33% and closing at 1.2366. EUR/USD trades at 1.0873 after losing 0.17%.
While price action maintains a negative bias, United States New Home Sales (Dec) came out at 616,000, while a consensus of analysts was expecting 617,000.
Though markets had an unsatisfactory day yesterday, some currencies manage to recover as Top Gainers. Take a look:
Dollar-Swiss | +0.29% in mid-session
As things stand, Dollar-Swiss is 9.25% away from a significant high of 1.0135, first set 2 months ago.
+0.26%: USD/SGD currency pair posts 0.26% gain
After closing the previous trading day at 1.3119, USD/SGD went up to 1.3157 only to drop back; still positive overall today, now trading at 1.3153.
Euro-Pound | +0.16% in mid-session
Although on a downtrend for 3 days, Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. Euro-Pound posts light gains on a low-volatility day, ranging between 0.8771 – 0.8791 and is now at 0.879.