Dollar sentiment improves as Trump orders tariffs on Chinese imports

September 24, 2018

By IFCMarkets

US dollar net bullish bets rose last week to $22.98 billion from $19.15 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to September 18 and released on Friday September 21. The dollar sentiment improved as industrial production grew faster than expected in August while President Trump ordered tariffs on additional $200 billion Chinese imports.

 

CFTC Sentiment vs Exchange Rate

September 18 2018 Bias Ex RateTrend Position $ mln Weekly Change
CAD bullish positive -2321 -257
AUD bullish positive -4910 -1757
EUR bullish positive 243 -1376
GBP bullish neutral -6512 -1535
CHF bullish positive -2391 2154
JPY bearish negative -7094 -1057
Total -22983

 

Market Analysis provided by IFCMarkets

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.