Parker FX triumphs in December with 0.66%
STAMFORD, CT - A plummeting USD has worked miracles for currency managers, with the Parker FX Index posting a 0.66% return for December.
The month saw the US dollar fall by 6.02% against a basket of G-6 currencies as the Fed cut rates to near zero, causing technical and fundamental reverberations in the markets. Meanwhile, euro hit its highest point against USD since October, as rock-bottom interest rates provided less of an investor haven. USD also lost ground against emerging market currencies
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