FX Week

Currency managers down in August

The index was down by 1.67% for the month, following a drop of 1.40% in July (FX Week, September 16). Only 31% of the 45 programmes on the index reported a positive performance in August. Despite these weak months, the index is up 5.35% for the year-to-date, said Virginia Parker, president of Parker Global Strategies and creator of the index.

"With the exception of early volatility in dollar/yen and dollar/Swiss franc during the first two weeks of the month, most currencies traded within a fa