Traders Thank Fed for Once-in-Decade Surge in Profit
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Foreign-exchange traders are proving to be among the biggest beneficiaries from the tumble in markets ranging from stocks to bonds and commodities brought on by prospects for higher interest rates in the U.S.
Rising volatility is boosting the Parker Global Currency Manager Index, which jumped 3.29 percent last quarter in its biggest gain since soaring 4.93 percent in the last three months of 2004. The gauge, which tracks returns of 14 leading currency funds, had fallen in four of the previous five quarters and hasn’t had a winning year since 2010, when it rose 0.94 percent.