Dollar index declined as China agreed to resume trade talks

August 27, 2018

By IFCMarkets

Net bets in favor of US dollar rose last week to $23.65 billion from $23.17 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to August 21 released on Friday August 24. The dollar weakened as the demand for dollar subsided on news China agreed to resume trade negotiations with the US.

 

CFTC Sentiment vs Exchange Rate

August 21 2018 Bias Ex RateTrend Position $ mln Weekly Change
CAD bearish negative -2073 -66
AUD bearish negative -3672 76
EUR bearish positive -700 -446
GBP bearish negative -5833 -1005
CHF bearish positive -5995 -227
JPY bearish negative -5381 1180
Total -23653

 

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