By IFCMarkets

US dollar bullish bets rise continued to $18.36 billion from $16.18 billion against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to November 19 and released on Friday November 22. The increase in bullish dollar bets was intact as retail sales growth rebounded in October to 0.3% after a 0.3% decline in September, despite US federal budget deficit’s 34% rise in October from a year ago, and St Louis Fed president Bullard said the “key risk” facing the US economy is a sharper-than-expected slowdown despite the Fed’s recent interest rate cuts.

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