Currency exchange-traded products rise as Ireland falls

Irish euro
Ireland falls and US Dollar rises

Currency exchange-traded products (ETPs) have seen assets under management (AUM) rise 16% in mid-November as investors move to hedge their euro risk as concerns about Ireland's debt problems spread.

"Ireland has had a massive impact on the forex market," says Martin Arnold, senior analyst at ETF Securities in London. "In the last two weeks we have seen huge flows into currency ETPs. In terms of volume trades they have been well above the weekly average; in the week before last we saw an 80% incr

To continue reading...

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 indvidual account here: