By IFCMarkets
US dollar net long bets dropped dramatically to $ 13.12 billion from $21.75 against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to July 2 and released on Monday July 8. The dollar sentiment deteriorated as Federal Reserve’s preferred gauge for inflation – the personal consumption expenditure index, declined from 1.6% over year in April to 1.5% in May while durable goods orders dropped 1.3% over month with trade deficit widening 5.1% .
| July 02 2019 | Bias | Ex RateTrend | Position $ mln | Weekly Change |
| CAD | bearish | negative | 2027 | 3150 |
| AUD | bearish | negative | -4107 | 547 |
| EUR | bearish | negative | -4478 | 3522 |
| GBP | bearish | negative | -5056 | -383 |
| CHF | bearish | negative | -1362 | 751 |
| JPY | bearish | negative | -142 | 1042 |
| Total | -13117 |
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