Trend strategy wins in August
LONDON - Currency managers using the trend strategy would have outperformed their peers in August, benefiting from a weak US dollar, indicates research by Royal Bank of Scotland (RBS).
The bank's naive simulations of the currency management style returned 2.2% last month, having been long all currencies against the US dollar at some point during the month. The positions were held from July, although by the end of the month the simulation had switched to being short sterling. The bank said
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