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Market Sentiment

US dollar net long bets fell last week to $26.18 billion from $28.65 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to November 13 and released on Friday November 16. The dollar bullish bets fell as the Federal Reserve signaled no change in interest rate hike plans.

US dollar bullish bets edged up last week to $28.65 billion from $26.46 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to November 6 and released on Friday November 9. The dollar bullish bets grew as nonfarm payrolls and earnings in October grew more than expected, with tight labor market supporting the odds of continuing rate hikes by the Federal Reserve.

US dollar net long bets edged up last week to $26.46 billion from $26.16 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 30 and released on Friday November 2. The dollar bullish bets grew as US economic growth in third quarter slowed less than expected: Q3 GDP grew 3.5% over the same period a year ago after 4.2% growth in the second quarter when a 3.3% increase was expected.

US dollar bullish bets fell last week to $26.16 billion from $27.64 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 23 and released on Friday October 26. The dollar bullish bets declined as Federal Reserve meeting minutes confirmed policy makers supported gradual rate increases and existing home sales fell in August.

US dollar net long bets slipped last week to $27.64 billion from $27.79 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 16 and released on Friday October 19. The dollar bullish bets edged lower as the 2.4% consumer inflation was lower than expected for September after 2.7% increase in August and the 0.1% rise in retail sales in September was less than expected.

US dollar net bullish bets rose considerably last week to $27.79 billion from $23.69 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 9 and released on Friday October 12. The dollar bullish bets rose as the US labor market remained strong and unemployment ticked lower from 3.9% to 3.7% in September, 48-year low while the expansion in services sector continued to accelerate.

US dollar net long bets edged higher last week to $23.69 billion from $23.17 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 2 and released on Friday October 5. The dollar bullish bets rose as the Federal Reserve implemented third quarter-point rate hike and signaled another rate hike in December. The 4.5% increase in orders for durable goods in August, faster than forecast, also supported dollar sentiment.

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.

US dollar net bullish bets rose last week to $22.98 billion from $19.15 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 18 and released on Friday September 21. The dollar sentiment improved as industrial production grew faster than expected in August while President Trump ordered tariffs on additional $200 billion Chinese imports.

US dollar net bullish bets declined last week to $19.15 billion from $20.61 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 11 and released on Friday September 14. The dollar weakened despite strong August jobs report as both the trade and budget deficits widened in August.

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