Dollar weakened after soft jobs report

December 18, 2018

By IFCMarkets

US dollar bullish bets slipped in the past two weeks to $28.48 billion from $29.53 billion against the major currencies , according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to December 11 and released on Friday December 14. The dollar weakened as softer than expected November jobs report supported the view Federal Reserve may slow its tightening pace as it takes into account declining inflationary pressures.

 

CFTC Sentiment vs Exchange Rate

December 11 2018 Bias Ex RateTrend Position $ mln Weekly Change
CAD positive positive -872 104
AUD positive negative -3277 446
EUR positive positive -7962 650
GBP bearish positive -3310 -152
CHF bearish negative -2299 182
JPY positive positive -10762 1409
Total -28482

 

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