Dollar weakens on tepid wage growth


US dollar net short bets edged up to $5.54 billion from $5.44 billion against the major currencies during the previous week , according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to June 5 released on Friday June 8. The dollar weakened on tepid wage growth to 2.7% in May over the year from 2.6% in April while the US economy created 223,000 new jobs in May, above an expected 190,000.


CFTC Sentiment vs Exchange Rate

June 05 2018BiasEx RateTrendPosition $ mlnWeekly Change
CADbearishnegative-1237-31
AUDbearishnegative-1539204
EURbullishpositive13069-353
GBPbullishnegative615-170
CHFbearishnegative-4980500
JPYbearishnegative-391534
  Total5536