FX funds above water in April

While they were back in the black, FX funds did not manage to reach their earlier 2016 yields

Dip toe in water
Treading cautiously: foreign exchange funds manage to stay above water in April

Foreign exchange funds just about managed to stay above water in April, as uncertainty created by the policies pursued by major central banks played havoc with currency movements.

Such movements were driven by increasing doubts over further rate hikes by the Federal Reserve, the European Central Bank stepping up its dovishness and the Bank of Japan's decision to stop short of extending its stimulus programme.

Funds reporting to the Parker FX Index made returns of 0.19% in April, improving

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