Relative large flows went through some of the major IMM currency pairs during a week that saw the broad-based Bloomberg Dollar index decline by 0.4%. Overall, the changes left the gross dollar long down for a fourth week to USD 18.8 billion, a 40% reduction since reaching a five-year high on 23 April. Traders bought 24,320 euros contract (USD 3.3 billion equivalent), 21,128 sterling contracts (USD 1.7 billion equivalent), and 20,938 Aussie contracts (USD 1.4 billion equivalent). Short selling of yen resumed with traders adding 18,185 contracts (USD 1.5 billion equivalent), while the CAD short reached a seven-year ... (full story)