US dollar short bets rose to $2.71 billion from $2.19 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to December 26 released on Friday December 29. The dollar sentiment deteriorated despite President Donald Trump signed the Republican tax overhaul into law.
CFTC Sentiment vs Exchange Rate
December 26 2017 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
CAD | bullish | positive | 3619 | 359 |
AUD | bearish | positive | -1053 | -84 |
EUR | bullish | positive | 13659 | 897 |
GBP | bullish | positive | 1059 | -646 |
CHF | bearish | positive | -1757 | 452 |
JPY | bearish | positive | -12821 | -151 |
Total | 2706 |