US dollar short bets rose last week to $22.02 billion from $20.06 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to August 7 released on Friday August 10. The dollar started strengthening as the Federal Reserve left interest rates unchanged but signaled a rate increase in September and solid July jobs report signaled economic health persists.
CFTC Sentiment vs Exchange Rate
August 07 2018 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
CAD | bearish | negative | -1907 | 520 |
AUD | bearish | negative | -4046 | -225 |
EUR | bullish | negative | 1531 | -1803 |
GBP | bearish | negative | -4758 | -874 |
CHF | bearish | positive | -5789 | -179 |
JPY | bearish | positive | -7051 | 602 |
Total | -22019 |