By IFCMarkets

US dollar bullish bets declined to $15.70 billion from $16.77 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 August 13 and released on Friday August 16. The dollar strengthening continued as inflation in July over the past 12 months climbed to 1.8% from 1.6% in June, and US Trade Representative announced delays for 10% tariffs earlier announced by President Trump on August 1 on Chinese goods worth $152 billion until mid-December.

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