Dollar weakening continues on tepid inflation

June 18, 2018

By IFCMarkets

US dollar bearish bets continued rising, reaching $7.42 billion from $5.54 billion against the major currencies during the previous week , according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to June 12 released on Friday June 15. The dollar weakened on tepid inflation which remained at 0.2% over month in May.

 

CFTC Sentiment vs Exchange Rate

June 05 2018 Bias Ex RateTrend Position $ mln Weekly Change
CAD bearish negative -1152 85
AUD bearish negative -1154 385
EUR bullish negative 12950 -118
GBP bullish negative 917 302
CHF bearish negative -4717 263
JPY bullish negative 572 963
Total 7416

 

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