Tax bill enacting doesn’t help US dollar


US dollar short bets rose to $2.71 billion from $2.19 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to December 26 released on Friday December 29. The dollar sentiment deteriorated despite President Donald Trump signed the Republican tax overhaul into law.


CFTC Sentiment vs Exchange Rate

December 26 2017BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishpositive3619359
AUDbearishpositive-1053-84
EURbullishpositive13659897
GBPbullishpositive1059-646
CHFbearishpositive-1757452
JPYbearishpositive-12821-151
  Total2706