Dollar sentiment deteriorated ahead of New Year


US dollar net long bets fell to $30.14 billion from $32.49 billion against the major currencies in one week ending December 31, according to the report of the Commodity Futures Trading Commission (CFTC) released on Tuesday February 5, 2019. The dollar sentiment deteriorated as data showed Case-Shiller 20-city price index gain declined to 5% over-year in October from a revised 5.2% in September.


CFTC Sentiment vs Exchange Rate

December 31 2018BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishpositive-3714-428
AUDbearishpositive-1852350
EURbearishpositive-66821655
GBPbearishpositive-4534-45
CHFbearishpositive-3248-297
JPYbearishnegative-101051119
  Total-30135