By IFCMarkets
US dollar bearish bets decreased to $10.23 billion from $11.51 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 April 28 and released on Friday May 1. The change in overall dollar position was mainly due to increase in bearish bets on Canadian and Australian dollars as well as decrease in bullish bets on euro as net short positions of Pound, Canadian and Australian dollars were maintained against the dollar. The US Congress passed another coronavirus relief package worth nearly $500 billion to replenish funds for small businesses while US Labor department reported 25 million Americans have lost their jobs over the prior five weeks.
| April 28 2020 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
| CAD | bearish | positive | -2075 | -392 |
| AUD | bearish | positive | -2449 | -261 |
| EUR | bullish | negative | 10778 | -1060 |
| GBP | bullish | positive | -519 | -413 |
| CHF | bullish | positive | 715 | 80 |
| JPY | bullish | positive | 3782 | 737 |
| Total | 10232 |
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