Dollar sentiment improved despite weak January sales data

March 5, 2019

By IFCMarkets

US dollar net long bets rose considerably to $27.06 billion from $23.84 billion against the major currencies in one week ending February 19, according to the report of the Commodity Futures Trading Commission (CFTC). The dollar sentiment improved despite weaker than expected data such as reduction in retail sales over month in December when an increase was forecast, with similar pictures in manufacturing and import/export prices for January.

CFTC Sentiment vs Exchange Rate

February 19 2019 Bias Ex RateTrend Position $ mln Weekly Change
CAD bearish positive -2758 79
AUD bearish positive -2653 -208
EUR bearish positive -10617 -1571
GBP bearish positive -3879 -419
CHF bearish negative -2916 -346
JPY bearish negative -4236 -756
Total -27060

 

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