US dollar net short bets fell to $19.77 billion from $23.43 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to April 24 released on Friday April 27. The dollar strengthening started as Treasury bond yields started to rise on rising inflation expectations and corporate results mostly beat expectations.
CFTC Sentiment vs Exchange Rate
| April 24 2018 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
| CAD | bearish | negative | -1961 | 456 |
| AUD | bearish | negative | -258 | 531 |
| EUR | bullish | negative | 19968 | -3454 |
| GBP | bullish | negative | 3264 | -1010 |
| CHF | bearish | negative | -1306 | 55 |
| JPY | bullish | negative | 67 | -236 |
| Total | 19773 |