Dollar sentiment remains strong despite dovish Fed minutes | IFCM Hong Kong
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Dollar sentiment remains strong despite dovish Fed minutes

22/4/2019

US dollar bullish bets continued to rise totaling $34.56 billion from $33.60 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 16 and released on Friday April 19. The dollar sentiment improvement persisted despite a dovish Federal Reserve’s March meeting minutes indicating the central bank is in wait and see mode with regards to resuming interest rate hikes in 2019, while core consumer price index declined to a 13-month low of 2% in March, from 2.1% in February.


CFTC Sentiment vs Exchange Rate

April 16 2019BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishneutral-3682-441
AUDbearishnegative-3363513
EURbearishnegative-13826565
GBPbearishnegative75607
CHFbearishnegative-4043-524
JPYbearishpositive-9721-1676
  Total-34559 

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