Dollar bullish bets rise after solid GDP report


US dollar net long bets edged up last week to $26.46 billion from $26.16 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 30 and released on Friday November 2. The dollar bullish bets grew as US economic growth in third quarter slowed less than expected: Q3 GDP grew 3.5% over the same period a year ago after 4.2% growth in the second quarter when a 3.3% increase was expected.


CFTC Sentiment vs Exchange Rate

October 30 2018BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishpositive-736-184
AUDbearishpositive-4997-14
EURbearishpositive-4630-334
GBPbearishpositive-4167-355
CHFbearishneutral-1806344
JPYbearishnegative-10128193
  Total-26464