Dollar weakened on US retail sales decline


US dollar bullish bets fell to $15.31 billion from $20.77 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 October 22 and released on Friday October 25. The ICE US Dollar index USDX continued falling on weak US economic data including manufacturing sector performance and decline of retail sales in September of 0.3% over month when 0.3% increase was expected.


CFTC Sentiment vs Exchange Rate

October 22 2019BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishpositive25501569
AUDbearishnegative-3014201
EURbearishnegative-70993264
GBPbearishnegative-42181599
CHFbearishnegative-1432166
JPYbearishnegative-2093-1330
  Total-15306