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Dollar net short bets increase accelerated on mixed US reports

20/7/2020

US dollar bearish bets increase quadrupled with total net shorts reaching $16.6 billion from $14.48 against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to July 14 and released on Friday July 17. The increase in net short dollar bets resulted mainly from significant increase in bullish bets on Swiss franc and euro as the index for German prices wholesalers charge for goods rose in June and the industrial production recovery accelerated both in France and Italy. The Pound and Canadian dollar maintained net short positions against the dollar, while Australian dollar left the trio of major currencies with net short positions against the greenback. The bearish dollar bets rose again despite US Labor Department report 1.3 million Americans filed for first-time unemployment benefits when 1.4 new applications were expected in the prior week, while the federal budget deficit more than doubled in June.


CFTC Sentiment vs Exchange Rate

July 14 2020BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishpositive-1453-217
AUDbullishpositive296345
EURbullishpositive158081209
GBPbearishpositive-1066220
CHFbullishpositive939438
JPYbullishpositive2136182
  Total16660 

commitment of traders net long short

commitment of traders weekly change

market sentiment ratio long short positions

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