Dollar weakened on rate cut hopes and soft ISM manufacturing report

June 10, 2019

By IFCMarkets

US dollar net long bets slid further to $33.32 billion from $34.62 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 4 and released on Friday June 10. The dollar weakening accelerated after the Institute for Supply Management’s manufacturing PMI came in lower than expected for May and Federal Reserve chair Powell commented the central bank would ‘act as appropriate to sustain the expansion’.

 

CFTC Sentiment vs Exchange Rate

June 04 2019 Bias Ex RateTrend Position $ mln Weekly Change
CAD bearish positive -3118 -196
AUD bearish negative -4425 172
EUR bearish positive -12314 1599
GBP bearish negative -3791 -1260
CHF bearish positive -4544 -240
JPY bearish negative -5131 1222
Total -33322

 

commitment of traders net long short
commitment of traders weekly change
market sentiment ratio long short positions


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