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March 05, 2023Markets went up Friday, with GBP/NZD and GBP/USD in the lead. These are unique currencies that were not expected on this list of top gainers.
Leading equity indices in the US rose as USD/CHF closed at 0.9361, a 0.6% change. USD/JPY lost 0.65% and ended the session at 135.83.
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.
GBP/NZD | Up 0.8% to 1.9353 Friday
GBP/NZD closed Friday at 1.9353 (with a daily low of 1.9172) after ending Thursday at 1.92 and gaining 0.8%.
The Pound | Up 0.84% to 1.2044 Friday
With a daily low of 1.1944, the Pound closed Friday at 1.2044, after ending Thursday at 1.1943 and gaining 100 pips (0.84%).
