| Big price swings in the foreign exchange market are back and currency funds are reaping the benefit after years of poor returns as central bank cash suppressed the volatility on which they depend. Laith Khalaf, a strategist at investment group Hargreaves Lansdown, said he could not recall a month since the 2008 financial crisis when a currency fund was in the top 10 of the more than 2,000 funds the firm tracks. In September, there were two in the top five.
And an index of global currency managers' performance, the Parker Global Strategies CMI-C Index, posted a 2.63 percent rise in September, its biggest monthly gain in 10 years. The index has lost money in four out of the last five years. ..............................................Full Article: Source
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