FX currency funds dip on low risk taking

Only eight currency managers report positive results for September

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September slip: negative returns of 0.77% month-on-month

Currency funds dipped in September, with negative returns of 0.77% month-on-month, as investors sought refuge in the dollar amid low risk appetite and uncertainty about the timing of the first US rate hike. 

The dollar ground higher that month, despite the Federal Reserve's decision to delay raising interest rates, while emerging markets were generally down amid lower commodity prices, US interest rate uncertainty and concerns over China.

"Looking ahead, managers believe developed market

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