Dollar strengthens as Fed acknowledges rising inflation

May 14, 2018

By IFCMarkets

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
CAD bearish negative -1843 301
AUD bearish positive -1249 -824
EUR bullish positive 17865 -205
GBP bullish positive 761 -1482
CHF bearish positive -4070 -1629
JPY bearish negative -626 -466
Total 10838


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commitment of traders weekly change
market sentiment ratio long short positions

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