Dollar sentiment improved significantly after December 19 rate hike

Discussion in 'Forex News' started by IFC Markets, Feb 4, 2019.

  1. IFC Markets

    IFC Markets Master Trader

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    US dollar bullish bets jumped to $32.49 billion from $29.73 billion against the major currencies in one week ending December 24, according to the report of the Commodity Futures Trading Commission (CFTC) released on Friday February 1, 2019. The dollar sentiment improved after the Federal Reserve hiked rates a quarter point at its last policy meeting of 2018 on December 19 while indicating fewer increases in 2019.


    CFTC Sentiment vs Exchange Rate
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  2. Dictorsto

    Dictorsto Newbie

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    I am also betting on USD bullish side. Regardless of general political issues I think that US economy is performing relatively good. I think that there is high potential for USD to strengthen based on its economic performance. What are your thoughts on this topic?
     
  3. IFC Markets

    IFC Markets Master Trader

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    The results of the next round of US-China trade negotiations, which will be held this week, can affect the US dollar dynamics.
     

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