Dollar decline slows despite weak US data

July 10, 2018

By IFCMarkets

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 2018 Bias Ex RateTrend Position $ mln Weekly Change
CAD bearish positive -3763 -1296
AUD bearish positive -2895 132
EUR bullish positive 5354 419
GBP bearish positive -2372 -589
CHF bearish negative -5103 -304
JPY bearish negative -4379 -489
Total -13158

 

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