Dollar weakened on soft manufacturing and services indexes reports

June 3, 2019

By IFCMarkets

US dollar bullish bets edged down to $34.62 billion from $34.76 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 28 and released on Friday May 31. The dollar weakened marginally after a report orders for durable goods fell a below expected 2.1% in April and Markit reported its flash readings of US manufacturing and services indexes declined in May.

 

CFTC Sentiment vs Exchange Rate

May 28 2019 Bias Ex RateTrend Position $ mln Weekly Change
CAD bearish negative -2922 229
AUD bearish positive -4597 -47
EUR bearish positive -13913 193
GBP bearish negative -2531 -454
CHF bearish positive -4303 332
JPY bearish positive -6353 -110
Total -34620

 

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