Disappointed currency traders end decade on the downside
Forex managers have lost money for seven of the 10 years since the end of 2009 and some of the biggest funds have been forced to shut down
30 November 2019 - 09:35
London/Stockholm — It’s been a decade of disappointment for currency traders and nowhere has that been more evident than Sweden.
Banks have been wrong for most of the past 10 years with their krona predictions as Sweden’s economy, often seen as a barometer for global trade, found itself battered by recessionary fears and tariff wars. The forecasters’ graveyard has led analysts to question the central bank’s credibility, left policy makers fuming about economic data and triggered a collapse in trading volumes...
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