Dollar weakened on rate cut hopes and soft ISM manufacturing report

11th June 2019 Off By binary
Dollar weakened on rate cut hopes and soft ISM manufacturing report

By IFCMarkets

US dollar net long bets slid further to $33.32 billion from $34.62 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 4 and released on Friday June 10. The dollar weakening accelerated after the Institute for Supply Management’s manufacturing PMI came in lower than expected for May and Federal Reserve chair Powell commented the central bank would ‘act as appropriate to sustain the expansion’.

 

CFTC Sentiment vs Exchange Rate

June 04 2019BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishpositive-3118-196
AUDbearishnegative-4425172
EURbearishpositive-123141599
GBPbearishnegative-3791-1260
CHFbearishpositive-4544-240
JPYbearishnegative-51311222
Total-33322

 

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

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