Dollar weakens on US GDP downgrade


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 2018BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishpositive1515-225
AUDbullishpositive245-501
EURbullishnegative20639-459
GBPbullishnegative457-645
CHFbearishnegative-11311000
JPYbearishnegative-10276981
  Total11449