FX Week

Dollar trend helps boost April FX fund returns

NEWS

STAMFORD, CT -- Dollar-selling helped some currency funds see boosted returns in April, according to the Parker FX index for the month, which was announced last week.

Walter Guidice, managing director of Northstar Capital Management in Bellevue, Washington, which was up 10.33% in April, said: "Our medium-term technical analysis showed that the US dollar was overbought leading into the month of April. As a result we took advantage of our indicators and sold the dollar against the majors, with