Dollar weakening accelerated on weak inflation report

June 24, 2019

By IFCMarkets

US dollar net long bets fell significantly to $22.60 billion from $31.05 against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to June 18 and released on Friday June 21. The dollar weakening accelerated after weak inflation report showed the cost of living increase over the past 12 months slowed to 1.8% from 2% and retail sales growth was slower than expected.

CFTC Sentiment vs Exchange Rate

June 18 2019 Bias Ex RateTrend Position $ mln Weekly Change
CAD bearish positive -2847 -374
AUD bearish positive -4459 -58
EUR bearish positive -7323 4965
GBP bearish positive -4124 -562
CHF bearish positive -1935 1187
JPY bearish positive -1909 3292
Total -22597

 

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