Dollar weakening accelerated on disappointing jobs report

June 17, 2019

By IFCMarkets

US dollar bullish bets decline accelerated to $31.05 billion from $33.32 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 11 and released on Friday June 14. The dollar weakening accelerated after weak May jobs report supported hopes of Fed interest rate cuts soon following Federal Reserve chair Powell comment the previous week the central bank would ‘act as appropriate to sustain the expansion’.

 

CFTC Sentiment vs Exchange Rate

June 11 2019 Bias Ex RateTrend Position $ mln Weekly Change
CAD bearish negative -2472 646
AUD bearish negative -4401 25
EUR bearish negative -12288 26
GBP bearish negative -3562 228
CHF bearish negative -3122 1421
JPY bearish negative -5201 -70
Total -31046

 

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


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