US dollar short bets climbed sharply to $8.87 billion from $4.61 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to January 9 released on Friday January 12. Dovish minutes of Federal Reserve meeting and weaker than expected December jobs report further intensified bearish dollar sentiment.
CFTC Sentiment vs Exchange Rate
| January 09 2018 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
| CAD | bullish | positive | 1402 | 224 |
| AUD | bullish | positive | 427 | 1993 |
| EUR | bullish | negative | 21584 | 2316 |
| GBP | bullish | positive | 2157 | 778 |
| CHF | bearish | positive | -2787 | -700 |
| JPY | bearish | positive | -13937 | -372 |
| Total | 8846 |