Dollar bearish bets rise as Fed announced it would buy unlimited amount of bonds | IFCM India
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Dollar bearish bets rise as Fed announced it would buy unlimited amount of bonds

30/3/2020

US dollar net short bets rose to $8.86 billion from $8.28 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 24 and released on Friday March 27. The change in overall dollar position was due to increase in bullish bets on euro while bullish bets on British Pound, Swiss franc and Japanese yen were cut. Australian and Canadian dollars maintained net short positions against the dollar. Bearish dollar bets rose as the Federal Reserve announced it would buy unlimited amount of Treasurys and mortgage-backed securities, and bolster emergency lending facilities. Before that the European Central Bank announced the start of a new stimulus program to buy bonds worth 1.1 trillion euros throughout this year.


CFTC Sentiment vs Exchange Rate

March 24 2020BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishpositive-2027-1351
AUDbearishpositive-1507213
EURbullishpositive82813807
GBPbullishpositive802-605
CHFbullishpositive624-337
JPYbullishpositive2683-1156
  Total8856 

commitment of traders net long short

commitment of traders weekly change

market sentiment ratio long short positions

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