Dollar weakened after Powell testimony to Congress

22/7/2019

US dollar net long bets declined to $15.19 billion from $15.53 against the major currencies during the one week period, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to July 16 and released on Friday July 19. The dollar strengthening reversed as Powell comments in testimony to Congress emphasized rising risks to the US economy from trade policy and slowing global growth, as well as falling price inflation, which confirmed Federal Reserve plans a rate cut in July.


CFTC Sentiment vs Exchange Rate

July 16 2019BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishpositive1602899
AUDbearishpositive-3685105
EURbearishneutral-4393631
GBPbearishpositive-5919-235
CHFbearishpositive-1484-172
JPYbearishnegative-1314-893
  Total-15194 

commitment of traders net long short

commitment of traders weekly change

market sentiment ratio long short positions

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