Dollar weakens despite above expected nonfarm jobs increase


US dollar short bets jumped to $7.80 billion from $4.28 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to December 12 released on Friday December 15. Dollar sentiment deteriorated as average hourly earnings rose a less than expected 0.2% on month in November while 228 thousand new jobs were created, more than a 195 thousand expected addition.


CFTC Sentiment vs Exchange Rate

December 12 2017BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishneutral3260-87
AUDbullishpositive30748
EURbullishpositive167082944
GBPbullishpositive948411
CHFbearishnegative-3627118
JPYbearishpositive-12565128
  Total7797