Dollar sentiment improved significantly after December 19 rate hike

February 4, 2019

By IFCMarkets

US dollar bullish bets jumped to $32.49 billion from $29.73 billion against the major currencies in one week ending December 24, according to the report of the Commodity Futures Trading Commission (CFTC) released on Friday February 1, 2019. The dollar sentiment improved after the Federal Reserve hiked rates a quarter point at its last policy meeting of 2018 on December 19 while indicating fewer increases in 2019.

 

CFTC Sentiment vs Exchange Rate

December 24 2018 Bias Ex RateTrend Position $ mln Weekly Change
CAD bearish negative -3286 -2732
AUD bearish positive -2202 268
EUR bearish positive -8336 -788
GBP bearish positive -4489 310
CHF bearish neutral -2951 -62
JPY bearish negative -11224 201
Total -32488

 

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