Strong March jobs report supported dollar sentiment


US dollar net long bets continued to rise amounting to $33.60 billion from $32.29 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 April 9 and released on Friday April 12. The dollar sentiment continued to improve on strong jobs report - the US economy added above forecast 196,000 new jobs in March after adding just 33,000 to nonfarm payrolls in February.


CFTC Sentiment vs Exchange Rate

April 09 2019BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishneutral-324182
AUDbearishpositive-387662
EURbearishpositive-14391-505
GBPbearishpositive-531284
CHFbearishnegative-3519-228
JPYbearishnegative-8044-1000
  Total-33602