Dollar weakened on US retail sales decline

October 28, 2019

By IFCMarkets

US dollar bullish bets fell to $15.31 billion from $20.77 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 October 22 and released on Friday October 25. The ICE US Dollar index USDX continued falling on weak US economic data including manufacturing sector performance and decline of retail sales in September of 0.3% over month when 0.3% increase was expected.

CFTC Sentiment vs Exchange Rate

October 22 2019 Bias Ex RateTrend Position $ mln Weekly Change
CAD bullish positive 2550 1569
AUD bearish negative -3014 201
EUR bearish negative -7099 3264
GBP bearish negative -4218 1599
CHF bearish negative -1432 166
JPY bearish negative -2093 -1330
Total -15306

 

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