New York
IT was another rough month for currency-focused hedge funds.
A gauge of returns in the US$5.3 trillion a day foreign exchange market extended its longest losing streak in almost three years as traders failed to capitalise on volatility that's surged to the highest since 2011.
Even Britain's shock decision to exit the European Union (EU) - which fuelled the biggest one- day gain for speculators in 10 months - couldn't salvage a June marred by misplaced bets on Bank of Japan (BOJ) stimulus and...