(Bloomberg) -- Currency funds gained for a second
month in May, the first back-on-back advance since January, as
traders bet correctly on a gain in the dollar.
The funds posted a 0.3 percent return, following 0.2
percent advance in April, according to the Parker FX Index. The
index, which tracks 62 companies in the U.S., Canada and U.K.,
has gained 1.49 percent during the first five months of this
year, according to Stamford, Connecticut-based Parker Global,
which compiles the index.
Read more at Bloomberg Currencies News
month in May, the first back-on-back advance since January, as
traders bet correctly on a gain in the dollar.
The funds posted a 0.3 percent return, following 0.2
percent advance in April, according to the Parker FX Index. The
index, which tracks 62 companies in the U.S., Canada and U.K.,
has gained 1.49 percent during the first five months of this
year, according to Stamford, Connecticut-based Parker Global,
which compiles the index.
Read more at Bloomberg Currencies News
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