By IFCMarkets

US dollar bullish bets rose to $17.34 from $15.28 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 24 and released on Friday September 27. The ICE US Dollar index USDX rose as US-China trade dispute concerns heightened after President Trump’s comment he wanted a complete trade deal with the China, not just an agreement for China to buy more US agricultural goods, while the Federal Reserve cut its benchmark federal funds rate a quarter percentage point without signaling further easing of monetary policy.

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