Dollar index declined as China agreed to resume trade talks


Net bets in favor of US dollar rose last week to $23.65 billion from $23.17 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to August 21 released on Friday August 24. The dollar weakened as the demand for dollar subsided on news China agreed to resume trade negotiations with the US.


CFTC Sentiment vs Exchange Rate

August 21 2018BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishnegative-2073-66
AUDbearishnegative-367276
EURbearishpositive-700-446
GBPbearishnegative-5833-1005
CHFbearishpositive-5995-227
JPYbearishnegative-53811180
  Total-23653