Dollar slid after Fed projected three hikes in 2018
US dollar short bets slipped to $21.73 billion from $22.0 billion against the major currencies during the previous week as the Federal Reserve raised interest rates 0.25 percentage points, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to March 27 released on Thursday March 29. The ICE US dollar index declined as the policy makers projected at conclusion of March 22 meeting just two more rate hikes in 2018 instead of three as indicated previously.
CFTC Sentiment vs Exchange Rate
|March 27 2018||Bias||Ex RateTrend||Position $ mln||Weekly Change|
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