US dollar bearish bets rose to $10.26 billion from $9.4 against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to August 29 released on Friday September 1. Economic data were weak during the week and Federal Reserve’s Chair Janet Yellen did not speak about future monetary policy at central bankers’ symposium in Jackson Hole.
CFTC Sentiment vs Exchange Rate
August 29 2017 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
CAD | bullish | positive | 4248 | 179 |
AUD | bullish | positive | 5286 | 503 |
EUR | bullish | negative | 12940 | 4 |
GBP | bearish | positive | -4162 | -485 |
CHF | bearish | negative | -233 | 24 |
JPY | bearish | positive | -7814 | 639 |
Total | 10265 |