Bull market ahead for currency returns, says Deutsche Bank

LONDON - Currency beta returns could be embarking on a multi-year bull run, defying the global economic downturn, according to Deutsche Bank analysts.

The bank's currency index Deutsche Bank Currency Returns (dbCR), returned 4.9% on January 12 after dropping to less than zero in June last year. According to the bank's analysts, this indicates it might be emerging out of the trough it had been descending into since 2005. The index, which captures equally weighted long-term systematic returns in

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