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Market Sentiment 31.10.2016 - Stronger dollar trend endures

The net long US dollar position rose to $18.8 billion from $18.4 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 25. US dollar has been advancing the previous couple of weeks in anticipation of a Fed rate hike soon. Mostly positive economic reports in the previous week indicated US economic recovery continues with expanding manufacturing activity in October.

Monday, 31 Oct, 2016 / 1:52

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Source : http://www.ifcmarkets.com/en/market-sentiment/stronger-dollar-trend-endures

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