Dollar bullish bets rose after strong retail sales report

September 23, 2019

By IFCMarkets

US dollar net long bets rose to $ 15.28 billion from $13.34 billion against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to September 17 and released on Friday September 20. The dollar bullish bets rose as the Commerce Department reported US retail sales grew above expected 4.1% on-year in August, providing more support to the view no urgent stimulus is needed as US economy is strong.

 

CFTC Sentiment vs Exchange Rate

September 17 2019 Bias Ex RateTrend Position $ mln Weekly Change
CAD bullish negative 1496 620
AUD bearish negative -2752 885
EUR bearish negative -9488 -2604
GBP bearish negative -6728 395
CHF bearish positive -574 -209
JPY bearish positive 2759 -1030
Total -15287

 

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