US Dollar Strength Boosts Parker FX Index
NEWS
STAMFORD, CT -- US dollar strength across the board boosted FX currency funds in March, according to Parker Global Strategies.
The company’s index, which tracks funds investing in foreign currencies, reported a monthly return up 4.09% in March -- the biggest gain since December 2000.
The top performer in March was the Millburn Corporation of New York City, which recorded gains of 14.90% for its World Currency Fund. Morgan Stanley Dean Witter, also of New York, finished in second place with gains
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