FX Markets



Ferrell Capital Management's Ferrell FX Index was up 1.6 per cent in July with 40 of the 42 programmes in the Index reporting. The median return increased by 2.7 per cent with 26 of the 40 programmes reporting positive July results. In June, both the Index and the median showed negative percentages of 1.0 per cent and 1.1 per cent, respectively.

July's top performer was Friedberg Commodity Management of Toronto, reporting gains of 14.7 per cent. "The obvious and inevitable fall in the yen has

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