Dollar weakened after Powell speech at Jackson Hole
US dollar net long bets continued to fall reaching $12.03 billion from $13.36 billion against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to August 27 and released on Friday August 30. The dollar strengthening reversed after Federal Reserve Chairman Powell said at the annual central banking symposium in Jackson Hole, Wyoming the Fed will do “ what monetary policy can do to sustain the expansion”.
CFTC Sentiment vs Exchange Rate
| August 27 2019 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
| CAD | bullish | negative | 821 | -158 |
| AUD | bearish | negative | -4120 | 133 |
| EUR | bearish | negative | -5381 | -112 |
| GBP | bearish | negative | -6837 | 190 |
| CHF | bearish | negative | -484 | 937 |
| JPY | bearish | negative | 3973 | 307 |
| Total | -12029 |
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Last Sentiments
- 5Dec2019Weekly Top Gainers/Losers
- 28Nov2019Weekly Top Gainers/Losers
- 25Nov2019Dollar net long bets rose on strong retail report
- 18Nov2019Dollar strengthening continued on positive data
- 14Nov2019Weekly Top Gainers/Losers
- 11Nov2019Dollar rebounded after Fed signaled no further cuts in the near future