Dollar weakens on tepid wage growth

June 11, 2018

By IFCMarkets

US dollar net short bets edged up to $5.54 billion from $5.44 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 5 released on Friday June 8. The dollar weakened on tepid wage growth to 2.7% in May over the year from 2.6% in April while the US economy created 223,000 new jobs in May, above an expected 190,000.

 

CFTC Sentiment vs Exchange Rate

June 05 2018 Bias Ex RateTrend Position $ mln Weekly Change
CAD bearish negative -1237 -31
AUD bearish negative -1539 204
EUR bullish positive 13069 -353
GBP bullish negative 615 -170
CHF bearish negative -4980 500
JPY bearish negative -391 534
Total 5536

 

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