By IFCMarkets
US dollar net bullish bets rose considerably last week to $27.79 billion from $23.69 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 9 and released on Friday October 12. The dollar bullish bets rose as the US labor market remained strong and unemployment ticked lower from 3.9% to 3.7% in September, 48-year low while the expansion in services sector continued to accelerate.
CFTC Sentiment vs Exchange Rate
| October 09 2018 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
| CAD | bearish | positive | -939 | 503 |
| AUD | bearish | positive | -5205 | -50 |
| EUR | bearish | positive | -2318 | -1294 |
| GBP | bearish | positive | -4968 | -156 |
| CHF | bearish | negative | -1614 | 95 |
| JPY | bearish | positive | -12750 | -201 |
| Total | -27794 |
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