US dollar bearish bets jumped to $4.61 billion from $2.71 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to January 2 released on Friday January 5. Positive data like rising Markit’s manufacturing purchasing manages’ index and Chicago Fed’s manufacturing purchasing managers’ index in December didn’t result in dollar sentiment change.
CFTC Sentiment vs Exchange Rate
| January 02 2018 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
| CAD | bullish | positive | 1178 | -189 |
| AUD | bearish | positive | -1566 | -513 |
| EUR | bullish | negative | 19268 | 5609 |
| GBP | bullish | negative | 1379 | 320 |
| CHF | bearish | negative | -2087 | -331 |
| JPY | bearish | negative | -13565 | -744 |
| Total | 4606 |