Dollar strengthened on US inflation gain

August 19, 2019

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.

 

CFTC Sentiment vs Exchange Rate

August 13 2019 Bias Ex RateTrend Position $ mln Weekly Change
CAD bullish negative 1074 -746
AUD bearish negative -4277 -525
EUR bearish positive -6515 -353
GBP bearish neutral -7223 587
CHF bearish positive -1658 446
JPY bearish positive 2898 1658
Total -15701

 

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