Dollar strengthened after strong nonfarm payrolls report


US dollar bullish bets rebounded to $ 15.53 billion from $14.66 against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to July 9 and released on Friday July 12. The dollar strengthened after report US economy created above-expected 224,000 new jobs in June, after 75,000 jobs created in May, which dampened interest rate cut expectations.


CFTC Sentiment vs Exchange Rate

July 09 2019BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishnegative703223
AUDbearishnegative-3790317
EURbearishnegative-5024-546
GBPbearishnegative-5684-628
CHFbearishnegative-131249
JPYbearishnegative-421-279
  Total-15529