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Currency funds on worst streak in three years

Traders fail to capitalise on volatility that's surged to the highest level since 2011

Published Fri, Jul 1, 2016 · 09:50 PM

    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.

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