Currency managers down in February
NEWS
STAMFORD, CT -- Few currency fund managers saw positive returns in February, according to the Parker Global Strategies’ FX Index, which was released last week.
The index was down by 1.43% in February, with only a quarter of the 44 programmes contributing to the index reporting positive results.
Dollar/yen and dollar/Swiss provided the few trading opportunities for currency fund managers in a slow trading month.
"The bulk of our trading profits came from long dollar/yen positions and short dollar
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