Dollar weakened after dovish Fed meeting


US dollar bullish bets declined to $18.18 billion from $19.84 billion against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to December 17 and released on Friday December 20. The ICE US dollar index declined after the Federal Reserve left interest rates unchanged while New York Federal Reserve said next day it would increase the amount of funds it would inject into the multi-trillion dollar repo market.


CFTC Sentiment vs Exchange Rate

December 17 2019BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishnegative851-717
AUDbearishpositive-3189-683
EURbearishnegative-9158221
GBPbearishnegative-4741383
CHFbearishnegative-14101239
JPYbearishnegative-4802217
  Total-18183