BNY Fund Positions For Real Rebound

02 Mar 2010

Bank of New York Mellon’s Evolution Currency Option Fund last month bought three to six month call spreads on the Brazilian real against the U.S. dollar.

--Rob McGlinchey

Bank of New York Mellon’sEvolution Currency Option Fund last month bought three to six month call spreads on the Brazilian real against the U.S. dollar, expecting a rebound in the real and the dollar to start weakening. At press time, spot sat at BRL1.78, from a ...

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