Dollar strengthened on US inflation gain


US dollar bullish bets declined to $15.70 billion from $16.77 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 August 13 and released on Friday August 16. The dollar strengthening continued as inflation in July over the past 12 months climbed to 1.8% from 1.6% in June, and US Trade Representative announced delays for 10% tariffs earlier announced by President Trump on August 1 on Chinese goods worth $152 billion until mid-December.


CFTC Sentiment vs Exchange Rate

August 13 2019BiasEx RateTrendPosition $ mlnWeekly Change
CADbullishnegative1074-746
AUDbearishnegative-4277-525
EURbearishpositive-6515-353
GBPbearishneutral-7223587
CHFbearishpositive-1658446
JPYbearishpositive28981658
  Total-15701