Euro's rally proves costly while yen offers chance to go short

Dollar/yen volatilty and a rally by the euro in March required agile investment by managers to avoid taking losses

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 for

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here