CFTC Data Signals Weakening Enthusiasm For Dollar

The number of investors betting that the U.S. dollar will strengthen against its rivals declined for the fourth-consecutive week, according to data from the Commodity Futures Trading Commission. Most of the change came from investors' closing short positions against the euro, yen, pound and Australian dollar. Camilla Sutton, chief FX strategist at Scotiabank, said in a Friday research note that the declining number of positions indicates that investors are less confident that the dollar will continue to strengthen against its rivals.