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> Dollar sentiment improves as Trump proposes tax overhaul
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Dollar sentiment improves as Trump proposes tax overhaul

IFC Markets

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US dollar net short bets fell to $16.82 billion from $17.38 against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to October 3 released on Friday October 6. Bearish dollar bets fell as Trump announced its tax cut proposal supported by Congressional leaders and positive data pointed to improving US economic performance.


CFTC Sentiment vs Exchange Rate


October 03 2017BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishnegative6017-28
AUDbullishnegative5623-463
EURbullishpositive13324330
GBPbullishnegative16501225
CHFbearishnegative-423-182
JPYbearishpositive-9375-1448
Total16817
commitment of traders net long short
commitment of traders weekly change
market sentiment ratio long short positions

IFC Markets Review

Source: https://www.ifcmarkets.com/en/market-sentiment/dollar-sentiment-improves-as-trump-proposes-tax-overhaul?utm_source=financemagnates
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