{"id":167156,"date":"2020-03-23T12:00:04","date_gmt":"2020-03-23T16:00:04","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=167156"},"modified":"2020-03-23T09:38:05","modified_gmt":"2020-03-23T13:38:05","slug":"dollar-strengthened-after-emergency-fed-rate-cut-to-0","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/dollar-strengthened-after-emergency-fed-rate-cut-to-0\/","title":{"rendered":"Dollar strengthened after emergency Fed rate cut to 0"},"content":{"rendered":"
March 23, 2020<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

US dollar <\/em> bullish bets more than tripled to $8.28 billion from $2.28 billion against the major currencies<\/a> during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to March 17 and released on Friday March 20. The ICE US dollar index gained more than 3% during that period after Fed\u2019s emergency full percentage point rate cut Sunday, March 15, and the start of the purchase program in the magnitude of $700 billion in Treasurys and mortgage-backed securities. Later on March 17 the Fed launched the Commercial Paper Funding Facility – CPFF program, and began to buy directly short term corporate bonds in order to help companies affected by the coronavirus pandemic.<\/p>\n

 <\/p>\n

\n

CFTC Sentiment vs Exchange Rate<\/h2>\n\n\n\n\n\n\n\n\n\n\n
March 17 2020<\/b><\/td>\nBias<\/b><\/td>\nEx RateTrend<\/b><\/td>\nPosition $ mln<\/b><\/td>\nWeekly Change<\/b><\/td>\n<\/tr>\n
CAD<\/b><\/td>\nbullish<\/td>\nnegative<\/td>\n-676<\/td>\n-531<\/td>\n<\/tr>\n
AUD<\/b><\/td>\nbearish<\/td>\npositive<\/td>\n-1720<\/td>\n1794<\/td>\n<\/tr>\n
EUR<\/b><\/td>\nbearish<\/td>\nnegative<\/td>\n4474<\/td>\n6265<\/td>\n<\/tr>\n
GBP<\/b><\/td>\nbearish<\/td>\nnegative<\/td>\n1407<\/td>\n-717<\/td>\n<\/tr>\n
CHF<\/b><\/td>\nbearish<\/td>\nnegative<\/td>\n961<\/td>\n881<\/td>\n<\/tr>\n
JPY<\/b><\/td>\nbearish<\/td>\nnegative<\/td>\n3839<\/td>\n2868<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nTotal<\/td>\n8284<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

 <\/p>\n

\"commitment<\/center>
\"commitment<\/center>
\"market<\/center><\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n

Note:
\nThis 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 \u0430 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets US dollar bullish bets more than tripled to $8.28 billion from $2.28 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 March 17 and released on Friday March 20. The ICE US dollar index gained more than […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-167156","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=167156"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167156\/revisions"}],"predecessor-version":[{"id":167161,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167156\/revisions\/167161"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=167156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=167156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=167156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}