US dollar short bets climbed sharply to $8.87 billion from $4.61 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to January 9 released on Friday January 12. Dovish minutes of Federal Reserve meeting and weaker than expected December jobs report further intensified bearish dollar sentiment.
CFTC Sentiment vs Exchange Rate
January 09 2018 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
CAD | bullish | positive | 1402 | 224 |
AUD | bullish | positive | 427 | 1993 |
EUR | bullish | negative | 21584 | 2316 |
GBP | bullish | positive | 2157 | 778 |
CHF | bearish | positive | -2787 | -700 |
JPY | bearish | positive | -13937 | -372 |
Total | 8846 |