Dollar sentiment improves as Trump orders tariffs on Chinese imports


US dollar net bullish bets rose last week to $22.98 billion from $19.15 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to September 18 and released on Friday September 21. The dollar sentiment improved as industrial production grew faster than expected in August while President Trump ordered tariffs on additional $200 billion Chinese imports.


CFTC Sentiment vs Exchange Rate

September 18 2018BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishpositive-2321-257
AUDbullishpositive-4910-1757
EURbullishpositive243-1376
GBPbullishneutral-6512-1535
CHFbullishpositive-23912154
JPYbearishnegative-7094-1057
  Total-22983