US dollar net bullish bets rose considerably last week to $27.79 billion from $23.69 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 9 and released on Friday October 12. The dollar bullish bets rose as the US labor market remained strong and unemployment ticked lower from 3.9% to 3.7% in September, 48-year low while the expansion in services sector continued to accelerate.
CFTC Sentiment vs Exchange Rate
October 09 2018 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
CAD | bearish | positive | -939 | 503 |
AUD | bearish | positive | -5205 | -50 |
EUR | bearish | positive | -2318 | -1294 |
GBP | bearish | positive | -4968 | -156 |
CHF | bearish | negative | -1614 | 95 |
JPY | bearish | positive | -12750 | -201 |
Total | -27794 |