Dollar weakened after soft jobs report


US dollar bullish bets slipped in the past two weeks to $28.48 billion from $29.53 billion against the major currencies , according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to December 11 and released on Friday December 14. The dollar weakened as softer than expected November jobs report supported the view Federal Reserve may slow its tightening pace as it takes into account declining inflationary pressures.


CFTC Sentiment vs Exchange Rate

December 11 2018BiasEx RateTrendPosition $ mlnWeekly Change
CADpositivepositive-872104
AUDpositivenegative-3277446
EURpositivepositive-7962650
GBPbearishpositive-3310-152
CHFbearishnegative-2299182
JPYpositivepositive-107621409
  Total-28482