{"id":168242,"date":"2020-04-06T14:38:32","date_gmt":"2020-04-06T18:38:32","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=168242"},"modified":"2020-04-06T13:39:17","modified_gmt":"2020-04-06T17:39:17","slug":"dollar-net-short-bets-rise-despite-passing-of-coronavirus-relief-bill","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/04\/dollar-net-short-bets-rise-despite-passing-of-coronavirus-relief-bill\/","title":{"rendered":"Dollar net short bets rise despite passing of coronavirus relief bill"},"content":{"rendered":"
April 6, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

US dollar <\/em> bearish bets continued to rise reaching to $9.89 billion from $8.86 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 31 and released on Friday April 3. The change in overall dollar position was due to increase in bullish bets on euro and Swiss franc while bullish bets on British Pound and Japanese yen were cut further. Australian and Canadian dollars maintained net short positions against the dollar. Bearish dollar bets rose as the historic $2 trillion economic stimulus bill passed, allocating $1,200 direct payments to many Americans, more than $360 billion in loans to small businesses and $500 billion to industries, cities and states. At the same time the Labor Department report indicated the number of Americans who filed for unemployment insurance for the first time soared to a record 3.28 million in the week ending March 21.<\/p>\n

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CFTC Sentiment vs Exchange Rate<\/h2>\n\n\n\n\n\n\n\n\n\n\n
March 31 2020<\/b><\/td>\nBias<\/b><\/td>\nEx RateTrend<\/b><\/td>\nPosition $ mln<\/b><\/td>\nWeekly Change<\/b><\/td>\n<\/tr>\n
CAD<\/b><\/td>\nbearish<\/td>\nnegative<\/td>\n-1559<\/td>\n468<\/td>\n<\/tr>\n
AUD<\/b><\/td>\nbearish<\/td>\nnegative<\/td>\n-1949<\/td>\n-442<\/td>\n<\/tr>\n
EUR<\/b><\/td>\nbullish<\/td>\nnegative<\/td>\n10236<\/td>\n1955<\/td>\n<\/tr>\n
GBP<\/b><\/td>\nbullish<\/td>\nnegative<\/td>\n388<\/td>\n-414<\/td>\n<\/tr>\n
CHF<\/b><\/td>\nbullish<\/td>\nnegative<\/td>\n644<\/td>\n20<\/td>\n<\/tr>\n
JPY<\/b><\/td>\nbullish<\/td>\nnegative<\/td>\n2125<\/td>\n-558<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nTotal<\/td>\n9885<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

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\"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 bearish bets continued to rise reaching to $9.89 billion from $8.86 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 31 and released on Friday April 3. The change in overall dollar position was […]<\/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-168242","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168242","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=168242"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168242\/revisions"}],"predecessor-version":[{"id":168251,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168242\/revisions\/168251"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=168242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=168242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=168242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}