US dollar bullish bets rebounded to $ 15.53 billion from $14.66 against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to July 9 and released on Friday July 12. The dollar strengthened after report US economy created above-expected 224,000 new jobs in June, after 75,000 jobs created in May, which dampened interest rate cut expectations.
CFTC Sentiment vs Exchange Rate
July 09 2019 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
CAD | bullish | negative | 703 | 223 |
AUD | bearish | negative | -3790 | 317 |
EUR | bearish | negative | -5024 | -546 |
GBP | bearish | negative | -5684 | -628 |
CHF | bearish | negative | -1312 | 49 |
JPY | bearish | negative | -421 | -279 |
Total | -15529 |