US dollar net short bets fell markedly to $5.44 billion from $7.95 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to May 29 released on Friday June 1. The dollar strengthening accelerated as Fed minutes showed support for June rate hike though policy makers favored a gradual pace of interest rate increases.
CFTC Sentiment vs Exchange Rate
| May 29 2018 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
| CAD | bearish | positive | -1206 | 839 |
| AUD | bearish | positive | -1743 | -145 |
| EUR | bullish | positive | 13422 | -2733 |
| GBP | bullish | positive | 785 | 307 |
| CHF | bearish | positive | -5480 | -780 |
| JPY | bearish | negative | -343 | -760 |
| Total | 5435 |