Dollar strengthened on rising January wage data


US dollar bearish bets fell to $8.18 billion from $12.96 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to February 13 released on Friday February 16. The dollar sentiment improved after signs of inflation uptick such as the rise in January wages raised expectations the Federal Reserve may increase the pace of interest rate hikes.


CFTC Sentiment vs Exchange Rate

February 13 2018BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishpositive2584-632
AUDbullishpositive713-374
EURbullishpositive19647-2144
GBPbullishpositive1297-1134
CHFbearishpositive-266341
JPYbearishpositive-13394-530
Total8184