Dollar bullish bets rise as US-China tariffs take effect

2nd October 2018 Off By binary
Dollar bullish bets rise as US-China tariffs take effect

By IFCMarkets

US dollar net bullish bets rose last week to $23.17 billion from $22.98 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to September 25 and released on Friday September 28. The dollar bullish bets rose as US and Chinese reciprocal tariffs took effect on $200 billion worth of Chinese goods counterweighed by $60 billion in tariffs on US goods by China. Acceleration of manufacturing activity expansion in September as evidenced by increase in Markit’s Manufacturing PMI also supported dollar sentiment.

 

CFTC Sentiment vs Exchange Rate

September 25 2018BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishpositive-1508812
AUDbearishnegative-5222-312
EURbullishnegative543300
GBPbearishnegative-5524987
CHFbearishnegative-2084307
JPYbearishnegative-9378-2284
Total-23173

 

commitment of traders net long short
commitment of traders weekly change
market sentiment ratio long short positions

Market Analysis provided by IFCMarkets

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