Ears wide shut pays off for spot-free Calyon
Ignoring the noise of the markets and resisting the temptation to chase spot has kept Calyon at the top of the one-month historical index since October 13.
This startling longevity has been achieved by an approach bordering on the inflexible, Daragh Maher, currency strategist at Calyon in London, told FX Week.
"We have simply taken the view that risk aversion would remain high and the currencies that would remain favourites in that sort of environment - the dollar and yen - would continue to do
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