US dollar bearish bets still rose to $13.74 billion from $11.05 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 30 released on Friday February 2. Nevertheless the better than expected January jobs report may reverse the downward trend of the US dollar index.
CFTC Sentiment vs Exchange Rate
January 30 2018 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
CAD | bullish | negative | 2714 | 898 |
AUD | bullish | negative | 1063 | -270 |
EUR | bullish | positive | 23059 | 818 |
GBP | bullish | negative | 2806 | -85 |
CHF | bearish | positive | -2720 | 167 |
JPY | bearish | negative | -13185 | 745 |
Total | 13737 |