US dollar net bullish bets rose last week to $22.98 billion from $19.15 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to September 18 and released on Friday September 21. The dollar sentiment improved as industrial production grew faster than expected in August while President Trump ordered tariffs on additional $200 billion Chinese imports.
CFTC Sentiment vs Exchange Rate
September 18 2018 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
CAD | bullish | positive | -2321 | -257 |
AUD | bullish | positive | -4910 | -1757 |
EUR | bullish | positive | 243 | -1376 |
GBP | bullish | neutral | -6512 | -1535 |
CHF | bullish | positive | -2391 | 2154 |
JPY | bearish | negative | -7094 | -1057 |
Total | -22983 |