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May 11, 2023Against the current: Markets are down, yet USD/CHF, USD/CAD, USD/SGD go up and make this list of top gainers.
The leading indices are falling — EUR/USD slipping 0.47% and closing at 1.0933. AUD/USD trades at 0.6745 after losing 0.54%.
On the other hand, positive data was released earlier when United States Crude Oil Inventories beat analyst expectations of -917,000 and the previous reading of -1.28 million with new data of 2.95 million.
Though markets had an unsatisfactory day yesterday, some currencies manage to recover as Top Gainers. Take a look:
+0.44%: bullish currency pair Dollar-Swiss runs out of steam at 0.8936; currently at 0.8931
Heading in the same direction for now — Dollar-Swiss trades at 0.8931 after gaining 39 pips (0.44%).
+0.23%: bullish currency pair USD/SGD runs out of steam at 1.3285; currently at 1.3278
Todays session shows some improvement: tentatively higher from an earlier low of 1.3225, USD/SGD is up to 1.3278 today, adding 30 pips, or 0.23%, to yesterday's closing price of 1.3248.
US Dollar-Canadian Dollar | +0.34% 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. US Dollar-Canadian Dollar trades at 1.341 after gaining 45 pips (0.34%).
