Energy futures sap US dollars continuing market weakness

Pure foreign exchange funds have tracked the weakening US dollar over the past month, but those whose portfolios exploiting both cross rates and commodities have increasingly turned to energy futures as well.

Duncan Brown, business development analyst at Winton Capital Management, says a 3% return currency trades provided on Winton's systematic programme in January as outdone by a 4% increase from energy derivatives.

In the first week of February currency trades had made Winton a more modest 0.5%