FX Week Europe: Currency managers need to react to short-term trends
Trends in currencies are becoming increasingly short-lived, and discretionary fund managers need to react quickly to market developments to generate returns, particularly in EUR/USD, which has traded in a tight 1.28–1.38 range in 2013, according to speakers at the FX Week Europe conference in London yesterday.
"Every time you think something is happening, you have a change of direction. It was the nature of these break-outs to be slow and steady, but now even the moves you do have happen very
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