Dollar bullish bets rose after strong retail sales report


US dollar net long bets rose to $ 15.28 billion from $13.34 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 17 and released on Friday September 20. The dollar bullish bets rose as the Commerce Department reported US retail sales grew above expected 4.1% on-year in August, providing more support to the view no urgent stimulus is needed as US economy is strong.


CFTC Sentiment vs Exchange Rate

September 17 2019BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishnegative1496620
AUDbearishnegative-2752885
EURbearishnegative-9488-2604
GBPbearishnegative-6728395
CHFbearishpositive-574-209
JPYbearishpositive2759-1030
  Total-15287