By IFCMarkets
US dollar net long bets continued to fall reaching $12.03 billion from $13.36 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 August 27 and released on Friday August 30. The dollar strengthening reversed after Federal Reserve Chairman Powell said at the annual central banking symposium in Jackson Hole, Wyoming the Fed will do “ what monetary policy can do to sustain the expansion”.
| August 27 2019 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
| CAD | bullish | negative | 821 | -158 |
| AUD | bearish | negative | -4120 | 133 |
| EUR | bearish | negative | -5381 | -112 |
| GBP | bearish | negative | -6837 | 190 |
| CHF | bearish | negative | -484 | 937 |
| JPY | bearish | negative | 3973 | 307 |
| Total | -12029 |
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