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June 03, 2023
Despite markets remaining subdued yesterday, USD/JPY & USD/CHF recorded sufficient gains to qualify as standout gainers in currencies.
Markets completed a mixed session yesterday while GBP/USD shed 0.58% and closed at 1.2453. EUR/USD lost 0.49% and ended the session at 1.0712.
Current market events are being influenced by ambiguous macro data as United States Non Farm Payrolls beat the 180,000 projections, with 339,000.
What are surprising gainers?
Surprising Gainers are low-performing assets that soared suddenly, and, inconsistent with their past behavior. To be labelled as a "suprising gainer", the stock must gain more than its expected daily return, thus making it surprising. The following list rates assets according to the difference between expectation and actual return: the bigger the difference, the higher the rank.
Dollar/Yen | Closed +0.84% at 139.97
USD/JPY spiked to 139.97, gaining 116 pips.
Dollar-Swiss | Closed +0.38% at 0.9089
After ending Thursday at 0.9054, Dollar-Swiss went up to 0.9092 only to drop back, yet still traded well overall and closed at 0.9089 yesterday.
