Dollar declines ahead of Fed meeting


US dollar short bets fell slightly last week to $20.06 billion from $20.39 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to July 31 released on Friday August 3. The dollar slipped as the US second quarter GDP came in at 4.1% annual rate, 0.1 percentage point short of the expected growth rate, while durable goods orders resumed growing in June.


CFTC Sentiment vs Exchange Rate

July 31 2018BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishnegative-2427992
AUDbearishnegative-3822-456
EURbullishnegative3334-986
GBPbearishnegative-3884-57
CHFbearishnegative-5610186
JPYbearishpositive-7652655
  Total-20061