Dollar net short bets little changed as election outcome challenged

US dollar bearish bets remain virtually unchanged after President Trump claims rigged vote with total net shorts remaining at $23.39 billion against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to November 10 and released on Monday November 16. The stable balance in net short dollar bets was the result of offset of increase in bearish bets on Australian dollar and Pound by an increase in bullish bets on Japanese yen as the Bank of England voted to expand its bond purchases by £150 billion to £895 billion while euro-zone retail sales dropped above expected 2% over month in September after 4.2% growth a month prior. Dollar bearish bets remained stable as the Federal Reserve kept interest rates at 0%-0.25% and pledged to do whatever it takes to sustain a US economic recovery while the US nonfarm payrolls increased by 638,000 in October when creation of 595,000 new jobs was expected, and the unemployment rate fell to 6.9% from 7.9%.