Dollar bullish bets rise after solid GDP report
US dollar net long bets edged up last week to $26.46 billion from $26.16 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 30 and released on Friday November 2. The dollar bullish bets grew as US economic growth in third quarter slowed less than expected: Q3 GDP grew 3.5% over the same period a year ago after 4.2% growth in the second quarter when a 3.3% increase was expected.
CFTC Sentiment vs Exchange Rate
|October 30 2018||Bias||Ex RateTrend||Position $ mln||Weekly Change|
Note: This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.