Dollar sentiment changes little after strong GDP report

7th May 2019 Off By binary
Dollar sentiment changes little after strong GDP report

By IFCMarkets

US dollar bullish bets continued to rise reaching $38.87 billion from $37.20 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 April 30 and released on Friday May 3. The dollar sentiment was steady as data showed a report the US economy grew at an above expected annual rate of 3.2% in the first quarter, while the Fed’s preferred inflation gauge – core personal consumption expenditure index, declined to annual rate of 1.6% in March.


CFTC Sentiment vs Exchange Rate

April 30 2019BiasEx RateTrendPosition $ mlnWeekly Change


commitment of traders net long short
commitment of traders weekly change
market sentiment ratio long short positions

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