Dollar bearish bets climbed as Trump said would leave White House | IFCM Tanzania
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Dollar bearish bets climbed as Trump said would leave White House

7/12/2020

US dollar net short bets rose again reaching $25.74 billion from $24.31 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 December 1 and released on Friday December 4. The continued deterioration of dollar sentiment was reflected in the increase in bullish bets on the Japanese yen, Pound and euro despite Destatis report German inflation came in at -0.3% over-year in November after -0.2% in October. Dollar bearish bets rose as President Trump said he would leave the White House if Electoral College votes for Joe Biden. The increase in dollar bearish bests continued as the US Labor Department reported 778 thousand Americans sought unemployment benefits over the last week, up from 748 thousand the previous week. And the expansion of the US economy slowed in November indicated by Chicago Purchasing Managers' Index slipping from 61.1 to 58.2 in November.

CFTC Sentiment vs Exchange Rate

December 01 2020BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishpositive-1642-346
AUDbearishpositive-796-408
EURbullishpositive21109559
GBPbearishnegative-663767
CHFbullishpositive2036-20
JPYbullishpositive5693877
  Total25736 

commitment of traders net long short

commitment of traders weekly change

market sentiment ratio long short positions

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