Dollar weakened on lower than expected April inflation

May 20, 2019

By IFCMarkets

US dollar bullish bets fell to $33.58 billion from $38.03 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 14 and released on Friday May 17. The dollar weakened marginally after a report consumer prices rose a below expected 0.3% on month in April while wholesale prices rose a below expected 0.2%, and trade deficit widened 1.4% in March .

 

CFTC Sentiment vs Exchange Rate

May 14 2019 Bias Ex RateTrend Position $ mln Weekly Change
CAD bearish positive -3535 -112
AUD bearish negative -4446 -446
EUR bearish negative -13350 1496
GBP bearish negative -268 294
CHF bearish negative -4960 -106
JPY bearish negative -7020 3378
Total -33579

 

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