FX Week

Dollar trading helps funds in July trading

NEWS

STAMFORD, CT -- Dollar trading helped some currency fund managers outperform in July, according to the latest figures from Parker Global Strategies. But the devaluation of the Argentine peso in the first-half of the month made conditions more difficult for managers investing in the emerging markets, figures from the group also showed.

Top performer in July, UBS O'Connor's Currency Portfolio reported a monthly return of 6.85% -- compared to the index's overall return of -1.3%.

Michael Dudley

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