Dollar weakened on lower than expected April inflation
US dollar bullish bets fell to $33.58 billion from $38.03 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 14 and released on Friday May 17. The dollar weakened marginally after a report consumer prices rose a below expected 0.3% on month in April while wholesale prices rose a below expected 0.2%, and trade deficit widened 1.4% in March .
CFTC Sentiment vs Exchange Rate
|May 14 2019||Bias||Ex RateTrend||Position $ mln||Weekly Change|
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