Currency funds back in the black in July
FX funds in profit amid Fed rate hike speculation
Bouncing back from a flat June, currency funds were in the black in July, with returns of 0.49% month-on-month as investors sought safety in the US dollar.
With the Greek saga fading from the headlines, the respite was short-lived as demand for commodities fell, emerging market currencies waned and the Fed's seemingly optimistic view of the US economy sparked speculation of a rate hike sometime this year.
"Looking ahead, managers believe the dollar remains favoured as a safe haven, and commodity
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