By IFCMarkets

US dollar bearish bets increase quadrupled with total net shorts reaching $16.6 billion from $14.48 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 14 and released on Friday July 17. The increase in net short dollar bets resulted mainly from significant increase in bullish bets on Swiss franc and euro as the index for German prices wholesalers charge for goods rose in June and the industrial production recovery accelerated both in France and Italy. The Pound and Canadian dollar maintained net short positions against the dollar, while Australian dollar left the trio of major currencies with net short positions against the greenback. The bearish dollar bets rose again despite US Labor Department report 1.3 million Americans filed for first-time unemployment benefits when 1.4 new applications were expected in the prior week, while the federal budget deficit more than doubled in June.

Market Analysis provided by IFCMarkets

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.