No improvement in dollar sentiment after Yellen’s Jackson Hole speech


US dollar bearish bets rose to $10.26 billion from $9.4 against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to August 29 released on Friday September 1. Economic data were weak during the week and Federal Reserve’s Chair Janet Yellen did not speak about future monetary policy at central bankers’ symposium in Jackson Hole.


CFTC Sentiment vs Exchange Rate

August 29 2017BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishpositive4248179
AUDbullishpositive5286503
EURbullishnegative129404
GBPbearishpositive-4162-485
CHFbearishnegative-23324
JPYbearishpositive-7814639
  Total10265