By IFCMarkets

US dollar bullish bets rose to $13.33 billion from $6.63 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 November 5 and released on Friday November 8. The ICE US dollar index rebounded as the Federal Reserve announced 3rd cut in interest rates this year but signaled no further cuts in the near future, the Institute of Supply Management’s service sector activity index rose to 54.7% in October, up from 52.6% in September, and US economy added higher than expected 128 thousand new jobs in October.

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