Neutral trend for the greenback may last until the US Presidential Elections


The decline in US dollar bearish bets continued and total net shorts fell to $26.88 billion from $27.24 billion against major currencies during one week, according to the Commodity Futures Trading Commission (CFTC) report covering data up to October 20 and released on Friday, October 23. The US dollar index is traded in a narrow range at around 93 points for the third week (since October 12). The neutral trend is likely to continue until the US presidential election on November 3.