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Dovish Fed minutes weigh on dollar

IFC Markets

US dollar net short bets rose to $9.4 billion from $8.84 against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to August 22 released on Friday August 25. Dovish minutes of Federal Reserve’s meeting eroded expectations of another rate hike this year.


CFTC Sentiment vs Exchange Rate


August 22 2017BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishpositive406941
AUDbullishpositive4784123
EURbullishpositive129361310
GBPbearishnegative-3677-1115
CHFbearishpositive-257-105
JPYbearishpositive-8453309
Total9401
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/dovish-fed-minutes-weigh-on-dollar?utm_source=financemagnates
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