Currency Traders in Record Losing Run Pay for Languid Market
- Central-bank policies are making life difficult for investors
- Top funds’ returns declined for seventh month in September
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Foreign-exchange traders suffering the worst losing streak on record are getting no help from the world’s most popular currency pair.
The euro moved in its narrowest range ever versus the dollar during the quarter just past. It’s a prime example of the biggest challenge faced by dealers: the volatility they exploit for profit is falling throughout the $5.1 trillion-a-day market, sending an index of top funds’ returns tumbling for a seventh month in September.