Currency strategies add value in September
The bank's naive simulations of currency strategies found value strategies gained 4.2% in September, 8.1% in the year to date and 9.6% over the past 12 months.
This was mainly attributed to profitable short Australian dollar and Norwegian krone, and long yen, positions. The strategy is now about neutral on the US dollar, having initially taken a long position at the start of September.
Yield strategies did not fare as well, mirroring changes in investor risk appetite. The simulation clocked losses
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