Dollar bearish bets decline accelerated as US inflation rose

September 21, 2020

By IFCMarkets.com

US dollar net short bets decrease speeded up with total net shorts falling to $30.9 billion from $32.67 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 15 and released on Friday September 18. The drop in net short dollar bets was the result of mainly decline in bullish bets on euro after consumer prices in Germany continued to decline in August though the disinflation slowed as consumer prices index declined 0.1% over month, in line with forecasts, after 0.5% drop in July. Dollar bearish bets slipped as the Labor Department report showed US consumer price index for August rose 0.4% when a 0.3% growth was expected, while above-expected 884 thousand Americans filed for first-time jobless benefits in the previous week.

CFTC Sentiment vs Exchange Rate

September 15 2020 Bias Ex RateTrend Position $ mln Weekly Change
CAD bearish negative -1285 26
AUD bullish negative 1183 1330
EUR bullish negative 26445 -2516
GBP bullish negative 185 -848
CHF bullish negative 1661 91
JPY bullish positive 2714 149
Total 30903

 

 


Free Reports:

Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.





Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter





 

Market Analysis provided by IFCMarkets.com
InvestMacro

Share
Published by
InvestMacro

Recent Posts

5 ways data centers endanger their local communities and the country as a whole

By Neha Gour, George Mason University; Ed Maibach, George Mason University, and Luis Ortiz, George…

22 hours ago

China has shifted to using its own strategic oil reserves

By JustMarkets  On Monday, the US stock indices showed mixed dynamics, with the technology sector…

23 hours ago

GBP/USD Remains Under Pressure Despite Attempts to Recover

By Analytical Department RoboForex GBP/USD attempted to move closer to 1.3350 on Tuesday but remained…

23 hours ago

SpaceX IPO: Set for $75 billion liftoff

By ForexTime  SpaceX IPO scheduled for Friday 12th June  $75 billion capital raise forecast –…

2 days ago

On Friday, the American stock market experienced one of the strongest crashes in recent times

By JustMarkets On Friday, the American stock market went through one of the harshest crashes…

2 days ago

EUR/USD at April Lows: What’s Next for the Pair?

By Analytical Department RoboForex EUR/USD began the new week at 1.1520. The US dollar ended…

2 days ago

This website uses cookies.