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 2017 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
CAD | bullish | neutral | 3260 | -87 |
AUD | bullish | positive | 3074 | 8 |
EUR | bullish | positive | 16708 | 2944 |
GBP | bullish | positive | 948 | 411 |
CHF | bearish | negative | -3627 | 118 |
JPY | bearish | positive | -12565 | 128 |
Total | 7797 |