Dollar strengthens as US economy slows less than expected


US dollar net short bets fell further to $15.14 billion from $19.77 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 1 released on Friday May 4. The dollar strengthening continued as US GDP slowed in the first quarter less than expected: Q1 GDP grew 2.3% after 2.9% expansion in the last three months of 2017.


CFTC Sentiment vs Exchange Rate

May 01 2018BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishnegative-2144-183
AUDbearishpositive-425-166
EURbullishnegative18070-1898
GBPbullishnegative2243-1021
CHFbearishnegative-2441-1135
JPYbearishpositive-160-227
  Total15144