Dollar strengthened after positive US data

September 9, 2019

By IFCMarkets

US dollar bullish bets rose to $14.24 billion from $12.03 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 September 3 and released on Friday September 6. The dollar strengthening resumed after US July goods trade deficit shrunk to below expected $72.3 billion from $74.2 billion a month and Federal Reserve’s Chicago area purchasing managers index rose to 50.4 from 44.4.

CFTC Sentiment vs Exchange Rate

September 03 2019 Bias Ex RateTrend Position $ mln Weekly Change
CAD bullish positive 401 -420
AUD bearish positive -4008 112
EUR bearish positive -6738 -1357
GBP bearish positive -6417 420
CHF bearish negative -739 -255
JPY bearish negative 3267 -705
Total -14235

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