◂ Event Timeline

Nov 18, 2022MACROUS

U.S. dollar positioning turns net short for first time since July 2021 -CFTC, Reuters data

Investors turned net short the dollar for the first time since July 2021, according to CFTC data, after a softer-than-expected October US inflation report. The positioning shift reflects expectations the Federal Reserve could slow its tightening pace.

WHY IT MATTERS

Bearish dollar positioning tends to support dollar-priced commodities, though it is a positioning update rather than a new policy shift.

AFFECTSUS Dollar (Broad)▼

SOURCE
reuters.comNov 18, 2022

Price reaction & history

US Dollar (Broad)▼bearishSO FAR1d -0.1%5d -0.5%20d -1.1%

After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.

Nov 28, 2025US dollar set for worst week since July as Fed rate cut looms | Reuters-0.5%
Sep 9, 2022Dollar slides as investors balance positions ahead of U.S. inflation data | Reuters+0.2%
Jan 23, 2026Sterling set for best week against dollar since August after data boost | Reuters-1.5%
Nov 14, 2023Dollar sinks after data shows US inflation cooling | Reuters-1.8%
Jun 30, 2017U.S. dollar net longs fall to lowest in about a year: CFTC, Reuters+0.3%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

US Dollar (Broad) DXY · GP ▸

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