The euro/dollar cross has given way in some foreign exchange portfolios to trading in other rates but March proved a difficult month for some.
The model for the Appleton 25% Risk Program started March with a long dollar/yen and long euro/yen cross, and delved into peripherals with a long euro position versus the Canadian dollar.
David Walsh, managing director and CIO of the Dublin-based fund managers, says the weak yen was the model's main theme in March's early weeks.
"Low forecast volatility
The week on Risk.net, July 14–20, 2017Receive this by email