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April 25, 2023Even though markets are flat, USD/SGD and EUR/AUD are up and make this list of surprising top currencies gainers.
Markets are mixed with AUD/USD drawing back 0.46% to 0.6666. USD/CAD up to 1.3573, gaining 0.24%.
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.
USD/SGD | +0.19% in mid-session
- USD/SGD is now trading 7.28% away from its significant high of 1.4379 first tested 6 months ago.
- USD/SGD is on an 8 day bullish run gaining 114 pips (1.06%).
Having set a peak of 1.4379 around 6 months ago, USD/SGD is now trading 7.28% below this level.
Euro-Aussie dollar | +0.39% in mid-session
Euro-Aussie dollar is on a 3 day bullish run gaining 233 pips (1.83%). As the session continues, it seems to maintain one direction — tentatively higher from an earlier low of 1.6484, Euro-Aussie dollar is up to 1.656 today, adding 63 pips, or 0.39%, to yesterday's closing price of 1.6496.
