By IFCMarkets
US dollar net long bets slipped to $29.27 billion from $29.48 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 March 26 and released on Friday Marc 29. The dollar sentiment deteriorated as Federal Reserve cut the projection of the number of interest rate hikes expected this year to zero from the two forecast in December.
CFTC Sentiment vs Exchange Rate
| March 26 2019 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
| CAD | bearish | negative | -2958 | 629 |
| AUD | bearish | neutral | -3829 | -152 |
| EUR | bearish | negative | -11311 | -284 |
| GBP | bearish | negative | -708 | 434 |
| CHF | bearish | positive | -3434 | -31 |
| JPY | bearish | positive | -7027 | -379 |
| Total | -29268 |
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