Dollar bearish bets increase continued on mixed US reports | IFCM

Dollar bearish bets increase continued on mixed US reports

29/6/2020

US dollar net short bets rose to $16.93 billion from $15.69 against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to June 23 and released on Friday June 26. The significant increase in Pound bearish bets as the Bank of England left interest rates unchanged at 0.1% but increased its bond buying by £100 billion ($125 billion) were offset by decrease in bearish bets on Canadian dollar and increase in yen bullish bets. Euro bearish bets changed little as European Union’s 27 governments started negotiations over a proposal for a 750 billion euro ($841 billion) recovery fund. The Pound, Canadian and Australian dollars maintained net short positions against the dollar. The bearish dollar bets rose as US initial jobless claims rose above-expected 1.5 million the previous week while Chicago Fed’s national activity index recovered in May - indicating expanding economy.


CFTC Sentiment vs Exchange Rate

June 23 2020BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishnegative-1538344
AUDbearishnegative-333116
EURbullishnegative16835348
GBPbearishnegative-1448-191
CHFbullishnegative192-19
JPYbullishnegative3223648
  Total16931 

commitment of traders net long short

commitment of traders weekly change

market sentiment ratio long short positions

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