Dollar decline slows despite weak US data


US dollar short bets increased at roughly previous week’s pace to $13.16 billion from $11.03 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to July 3 released on Monday July 9. The dollar slipped as durable goods orders decline slowed in May and the first quarter GDP was revised to 2% from the second estimate of 2.2%.


CFTC Sentiment vs Exchange Rate

July 03 2018BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishpositive-3763-1296
AUDbearishpositive-2895132
EURbullishpositive5354419
GBPbearishpositive-2372-589
CHFbearishnegative-5103-304
JPYbearishnegative-4379-489
  Total-13158