Dollar bullish bets rise as unemployment falls

Dmitry Lukashov IFC Markets

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.

CFTC Sentiment vs Exchange Rate

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Author

Dmitry Lukashov

IFC Markets

Dimtry Lukashov is the senior analyst of IFC Markets. He started his professional career in the financial market as a trader interested in stocks and obligations.

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