US dollar bearish bets inched higher to $11.45 billion from $11.30 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to March 6 released on Friday March 9. The dollar sentiment continued to deteriorate as the pace of growth in the US economy was revised to 2.5% from 2.6% in the fourth quarter.
CFTC Sentiment vs Exchange Rate
March 06 2018 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
CAD | bullish | positive | 1515 | -225 |
AUD | bullish | positive | 245 | -501 |
EUR | bullish | negative | 20639 | -459 |
GBP | bullish | negative | 457 | -645 |
CHF | bearish | negative | -1131 | 1000 |
JPY | bearish | negative | -10276 | 981 |
Total | 11449 |