Dollar rebounded after Fed signaled no further cuts in the near future

11/11/2019

US dollar bullish bets rose to $13.33 billion from $6.63 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 November 5 and released on Friday November 8. The ICE US dollar index rebounded as the Federal Reserve announced 3rd cut in interest rates this year but signaled no further cuts in the near future, the Institute of Supply Management’s service sector activity index rose to 54.7% in October, up from 52.6% in September, and US economy added higher than expected 128 thousand new jobs in October.


CFTC Sentiment vs Exchange Rate

November 05 2019BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishnegative4084774
AUDbearishnegative-18471028
EURbearishnegative-8409-998
GBPbearishpositive-2337269
CHFbearishnegative-1774-204
JPYbearishpositive-3047-818
  Total-13329 

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