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Dollar bearish bets fell as US jobless claims declined
US dollar net short bets fell to $21.83 billion from $23.39 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 November 17 and released on Friday November 20. The improvement of dollar sentiment was reflected in decrease of bullish bets on Japanese yen, euro, Pound and Swiss Franc as UK economy growth at 15.5% in the third quarter was slightly lower than the expected 15.8% expansion. Dollar bearish bets declined as Labor Department reported below expected 709 thousand Americans filed for first-time benefits instead of forecast of 730,000, despite the University of Michigan report the consumer sentiment deteriorated with the sentiment index declining to 77 for November from 81.8 in October.
CFTC Sentiment vs Exchange Rate
| November 17 2020 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
| CAD | bearish | positive | -1554 | 84 |
| AUD | bearish | positive | -447 | 188 |
| EUR | bullish | positive | 19864 | -123 |
| GBP | bearish | positive | -1637 | -169 |
| CHF | bullish | positive | 2047 | -121 |
| JPY | bullish | positive | 3559 | -1417 |
| Total | 21833 |
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