For a period that included a BOJ and FOMC meeting and the US GDP, speculators in the currency futures were unusually quiet. Summer holidays with family may be more important. Of the 16 gross currency futures speculative positions we track, 12 of them were less than 5k contracts. There was only one gross position adjustment more than 10k contracts. Euro bears covered 13.2k gross short euro contracts, leaving them with 208.6k. It snapped a five week accumulation run, which is part of a larger streak. It was only the second week since mid-May that gross euro shorts were reduced. The speculative gross short sterling position ... (Read the full story)
