Meet the 2 currencies that surprised market participants yesterday

Against the current: Markets slid, yet USD/SGD & EUR/AUD went up and made this special list of top gainers. These currencies are usually quiet, but showed up yesterday for some interesting gains.

Leading equity indices in the US declined as after dropping 1.22%, AUD/USD closed at 0.6678. EUR/USD was down 0.57% before closing the session at 1.0896.

Meanwhile, United States Services PMI came out at 54.1, while a consensus of analysts was expecting 54.

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.

USD/SGD | Closed +0.59% at 1.3524

• As things stand, USD/SGD is 6.5% away from a significant high of 1.4379, first set 8 months ago.
• USD/SGD closed at 1.3524 after it made its largest daily jump of 79 pips (0.59%) since May 18.
• Having gone up 82 pips over the past 6 days,

USD/SGD closed at 1.3524 after making its biggest single-day jump of 79 pips (0.59%), since May 18. Having set a peak of 1.4379 around 8 months ago, USD/SGD is now trading 6.5% below this level.

Euro-Aussie dollar | Closed +0.64% at 1.6318

Euro-Aussie dollar continues a 5 day uptrend, gaining a total of 2.59%. Yesterday's session pointed in the same direction — Euro-Aussie dollar rallied 104 pips and maintained the 1.6318 level.