Dollar sentiment remains strong despite dovish Fed minutes

April 22, 2019

By IFCMarkets

US dollar bullish bets continued to rise totaling $34.56 billion from $33.60 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 April 16 and released on Friday April 19. The dollar sentiment improvement persisted despite a dovish Federal Reserve’s March meeting minutes indicating the central bank is in wait and see mode with regards to resuming interest rate hikes in 2019, while core consumer price index declined to a 13-month low of 2% in March, from 2.1% in February.

 

CFTC Sentiment vs Exchange Rate

April 16 2019 Bias Ex RateTrend Position $ mln Weekly Change
CAD bearish neutral -3682 -441
AUD bearish negative -3363 513
EUR bearish negative -13826 565
GBP bearish negative 75 607
CHF bearish negative -4043 -524
JPY bearish positive -9721 -1676
Total -34559

 

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commitment of traders weekly change
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