Dollar weakens despite tax bill’s Senate approval


US dollar bearish bets increased further to $4.28 billion from $3.94 against the during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to December 5 released on Friday December 8. Dollar sentiment deteriorated marginally despite the Senate approval of the Republican tax bill and the upgrade of the Q3 GDP to 3.3% from 3.0% first estimate.

CFTC Sentiment vs Exchange Rate

December 05 2017BiasEx RateTrendPosition $ mlnWeekly Change

commitment of traders net long short

commitment of traders weekly change

market sentiment ratio long short positions

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