Even though markets are flat, GBP/NZD and EUR/NZD are up and make this list of surprising top currencies gainers.
Markets are mixed with AUD/USD drawing back 0.79% to 0.6693. USD/CAD goes up 0.49%, trading at 1.3539.
This limbo state is reflected by market data published as United States Services PMI came out at 53.7, while a consensus of analysts was expecting 51.5.
What are surprising gainers?
Surprising Gainers are low-performing assets that have sprung up uncharacteristically with their past behavior and beat their expected daily return, making them surprising. The following list rates such assets in line with the difference between expectation and actual return. The greater the difference, the higher the rank.
GBP/NZD retreats 21 pips from 1 year high
GBP/NZD rallied to 2.0285, hitting its highest point in 1 year. It later lost 21 pips and is now trading at 2.0263. Today's session seems to be pointing upwards and is building on GBP/NZD's 6 days of gains (+241 pips).
EUR/NZD | +0.82%; session high: 1.7922 session low: 1.7744
EUR/NZD is on a 6 day bullish run gaining 220 pips (2.09%). As the session continues, it seems to maintain one direction — EUR/NZD got off to a strong start by gaining 145 pips (+0.82%), only to run out of steam later in the session around 1.7922. Currently, EUR/NZD is trading around the 1.7897 level.