By IFCMarkets
US dollar net long bets increased significantly to $18.71 billion from $15.32 billion against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to July 30 and released on Friday August 2. The dollar strengthening continued ahead of Federal Reserve July 30-31 meeting despite the Bureau of Economic Analysis report US gross domestic product slowed from April to June.
CFTC Sentiment vs Exchange Rate
| July 30 2019 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
| CAD | bullish | negative | 1652 | -690 |
| AUD | bearish | negative | -3673 | -313 |
| EUR | bearish | positive | -7525 | -2088 |
| GBP | bearish | neutral | -6847 | -738 |
| CHF | bearish | positive | -1829 | -154 |
| JPY | bearish | positive | -486 | 597 |
| Total | -18707 |
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