The summer lull for speculators in the currency futures market continued in the CFTC reporting week ending August 23. Of the 16 gross currency futures positions we track, speculator adjustments were less than 3k contracts in all but three. The bears added to their gross short sterling position for the eighth consecutive week. The seven hundred contract increase was the smallest of the streak and lifts the gross short speculative position to 130.8k contracts, a new record. More substantive adjustments were seen in the euro and Mexican peso, where the speculative bears ran for cover. The gross short euro position was ... (full story)