Trend strategy down this year
The Dutch bank's naive simulations of different currency management styles show the trend strategy to be down 4.2% for the year to the end of June.
The strategy improved its performance last month, making a comparatively marginal loss of 0.5%. James Binny, executive director head of FX analytics at ABN Amro in London, said the strategy simulation benefited from continuing yen weakness and having taken a long Australian dollar position at the start of the month.
"It suffered from whipsaw trades
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