Dollar long bets rise on better than expected jobs report
US dollar bullish bets edged up last week to $28.65 billion from $26.46 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to November 6 and released on Friday November 9. The dollar bullish bets grew as nonfarm payrolls and earnings in October grew more than expected, with tight labor market supporting the odds of continuing rate hikes by the Federal Reserve.
CFTC Sentiment vs Exchange Rate
|November 06 2018||Bias||Ex RateTrend||Position $ mln||Weekly Change|
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