Currency funds flat in May
Parker FX Index shows returns rebound
Currency funds reported 0% returns for May, rebounding from April's –0.8%, after the dollar saw sharp moves in the fifth month of the year, according to the Parker FX Index, due to weaker than expected US economic data and Greek concerns seeing the greenback benefit against the euro.
"Looking ahead, managers believe the dollar remains favoured in the long term, in contrast to the euro, while commodity prices and central bank actions are expected to continue to drive emerging market performance,"
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