Dollar strengthens as Fed acknowledges rising inflation

By IFCMarkets

US dollar bearish bets fell considerably to $10.84 billion from $15.14 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to May 8 released on Friday May 11. The dollar strengthening continued as the Fed left monetary policy unchanged while acknowledging firming inflation as the personal consumption expenditure index, the Federal Reserve’s preferred inflation gauge, rose to 2% over year in March from a 1.7% in February.

 

CFTC Sentiment vs Exchange Rate

May 08 2018BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishnegative-1843301
AUDbearishpositive-1249-824
EURbullishpositive17865-205
GBPbullishpositive761-1482
CHFbearishpositive-4070-1629
JPYbearishnegative-626-466
Total10838

 

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

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