Dollar weakened as Federal Reserve stood pat
US dollar net long bets declined to $38.03 billion from $38.87 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 May 7 and released on Friday May 10. The dollar weakened slightly as Federal Reserve held federal funds rate in a 2.25%-2.50% range while the Institute for Supply Management services index for April came in weaker than expected.
CFTC Sentiment vs Exchange Rate
|April 30 2019||Bias||Ex RateTrend||Position $ mln||Weekly Change|
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