US dollar bearish bets fell considerably to $10.84 billion from $15.14 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to May 8 released on Friday May 11. The dollar strengthening continued as the Fed left monetary policy unchanged while acknowledging firming inflation as the personal consumption expenditure index, the Federal Reserve’s preferred inflation gauge, rose to 2% over year in March from a 1.7% in February.
CFTC Sentiment vs Exchange Rate
|May 08 2018||Bias||Ex RateTrend||Position $ mln||Weekly Change|
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