Dollar weakened on January retail sales decline


US dollar net short bets inched lower to $8.16 billion from $8.18 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to February 20 released on Friday February 23. The dollar sentiment changed little despite an uptick in core inflation rate over month in January with a decline in retail sales seen as a sign the economy is far from overheating.


CFTC Sentiment vs Exchange Rate

February 20 2018BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishnegative1830-754
AUDbullishnegative935222
EURbullishnegative19442-205
GBPbullishnegative682-614
CHFbearishpositive-2108554
JPYbearishpositive-12621773
  Total8161