Yield strategy delivers in July
The bank's naive simulation of the currency trading style generated a return of 4.9% in July, as all currencies registered gains against the greenback, with the Swedish krona posting the biggest.
Theodore Chen, in the quantitative solutions group at RBS in London, said: "There was a continuation of disappointing economic data coming out of the US, resulting in interest rate expectations being kept low, and a more encouraging outlook from the eurozone, supported by better-than-expected economic
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