Speculative traders on the Chicago Mercantile Exchange moved very close to turn their wager into net EUR longs on year-end position adjustments, data from the Commodity Futures Trading Commission (CFTC) showed on Friday. Traders continued to cover their EUR bets slashing their short EUR position by 70% after cutting it by another 5% last week to reach a total of $1.6 billion as of Tuesday. In a parallel move, traders aggressively dumped USD by increasing their short USD bets by 137% to reach a total of $7.6 billion as of Tuesday. Looking ahead, the market will get into a quiet holiday mode next week which unlikely to ... (full story)