Dollar weakened as Powell bolstered rate cut hopes

2nd July 2019 Off By binary
Dollar weakened as Powell bolstered rate cut hopes

By IFCMarkets

US dollar bullish bets declined continued to $21.75 billion from $22.60 against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to June 25 and released on Friday July 1. The dollar weakened after weak as the Federal Reserve left interest rates unchanged but indicated it would “act as appropriate to sustain the expansion”.


CFTC Sentiment vs Exchange Rate

June 25 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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