Against the current: Markets are down, yet USD/CHF, GBP/NZD, EUR/NZD go up and make this list of top gainers.
The US dollar is losing strength against a basket of currencies — EUR/USD trades at 1.0064 after losing 0.13%. USD/JPY trades at 145.77 with no major change.
While price action maintains a negative bias, United States API Weekly Crude Oil Stock came out at 5.62 million, while a consensus of analysts was expecting 1.1 million.
Though markets had an unsatisfactory day yesterday, some currencies manage to recover and make it to the list of top gainers. Take a look.
EUR/NZD | +0.11% in mid-session
EUR/NZD is on a 4 day bullish run gaining 586 pips (3.7%). Heading in the same direction for now — currently trading at 1.6965, EUR/NZD remains range-bound between 1.689 and 1.6975.
GBP/NZD | +0.19% in mid-session
GBP/NZD displays further gains following a recent trend of 4 days and 232 pips. Today’s session so far looks to be heading in the same direction — GBP/NZD posts light gains on a low-volatility day, ranging between 1.9346 – 1.9456 and is now at 1.9449.
Dollar-Swiss | +0.13% in mid-session
Although on a downtrend for 6 days, Today’s positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. Dollar-Swiss posts light gains on a low-volatility day, ranging between 0.9844 – 0.9875 and is now at 0.9868.