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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 2018 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
CAD | bearish | negative | -1918 | 155 |
AUD | bearish | negative | -3272 | 399 |
EUR | bearish | negative | -1055 | -355 |
GBP | bearish | neutral | -6187 | -355 |
CHF | bearish | positive | -5731 | 264 |
JPY | bearish | neutral | -5178 | 204 |
Total | -23341 |
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