Dollar strengthens as US economy slows less than expected
US dollar net short bets fell further to $15.14 billion from $19.77 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 1 released on Friday May 4. The dollar strengthening continued as US GDP slowed in the first quarter less than expected: Q1 GDP grew 2.3% after 2.9% expansion in the last three months of 2017.
CFTC Sentiment vs Exchange Rate
|May 01 2018||Bias||Ex RateTrend||Position $ mln||Weekly Change|
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