Dollar strengthened despite weak ISM report


US dollar net long bets rose to $17.80 billion from $17.34 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 October 1 and released on Friday October 4. The ICE US Dollar index USDX rose despite weak Institute for Supply Management report: ISM data showed the manufacturing index slipped from 49.1 to 47.8 for September, with readings below 50 indicating contraction.


CFTC Sentiment vs Exchange Rate

October 01 2019BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishnegative479132
AUDbearishnegative-3505-299
EURbearishnegative-9014-652
GBPbearishnegative-5921386
CHFbearishnegative-1452-114
JPYbearishnegative1614122
  Total-17799