Dollar sentiment improved despite yield curve inversion
US dollar bullish bets rose significantly to $32.29 billion from $29.27 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 2 and released on Friday April 5. The dollar sentiment improved despite Treasury yield curve inversion – as the spread between three-month and 10-year yields turned negative, considered to be a predictor of economic recession.
CFTC Sentiment vs Exchange Rate
|April 02 2019||Bias||Ex RateTrend||Position $ mln||Weekly Change|
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