Dollar weakened on lower than expected April inflation


US dollar bullish bets fell to $33.58 billion from $38.03 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 May 14 and released on Friday May 17. The dollar weakened marginally after a report consumer prices rose a below expected 0.3% on month in April while wholesale prices rose a below expected 0.2%, and trade deficit widened 1.4% in March .


CFTC Sentiment vs Exchange Rate

May 14 2019BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishpositive-3535-112
AUDbearishnegative-4446-446
EURbearishnegative-133501496
GBPbearishnegative-268294
CHFbearishnegative-4960-106
JPYbearishnegative-70203378
  Total-33579