By IFCMarkets
US dollar net long bets declined to $38.03 billion from $38.87 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 May 7 and released on Friday May 10. The dollar weakened slightly as Federal Reserve held federal funds rate in a 2.25%-2.50% range while the Institute for Supply Management services index for April came in weaker than expected.
CFTC Sentiment vs Exchange Rate
| April 30 2019 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
| CAD | bearish | positive | -3423 | 67 |
| AUD | bearish | negative | -4000 | 159 |
| EUR | bearish | positive | -14795 | -8 |
| GBP | bearish | negative | -562 | -182 |
| CHF | bearish | positive | -4855 | 22 |
| JPY | bearish | positive | -10399 | 773 |
| Total | -38033 |
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