Dollar sentiment weakens as US-Mexico deal reached


Net bets in favor of US dollar declined slightly last week to $23.34 billion from $23.65 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 28 released on Friday August 31. The ICE dollar index weakened, as live dollar index data show, with the decline in the demand for haven assets as US and Mexico reached a preliminary trade deal.


CFTC Sentiment vs Exchange Rate

August 28 2018BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishnegative-1918155
AUDbearishnegative-3272399
EURbearishnegative-1055-355
GBPbearishneutral-6187-355
CHFbearishpositive-5731264
JPYbearishneutral-5178204
  Total-23341