Dollar strengthened after positive US data


US dollar bullish bets rose to $14.24 billion from $12.03 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 September 3 and released on Friday September 6. The dollar strengthening resumed after US July goods trade deficit shrunk to below expected $72.3 billion from $74.2 billion a month and Federal Reserve’s Chicago area purchasing managers index rose to 50.4 from 44.4.


CFTC Sentiment vs Exchange Rate

September 03 2019BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishpositive401-420
AUDbearishpositive-4008112
EURbearishpositive-6738-1357
GBPbearishpositive-6417420
CHFbearishnegative-739-255
JPYbearishnegative3267-705
  Total-14235