Dollar weakening continues on tepid inflation

Dmitry Lukashov IFC Markets

US dollar bearish bets continued rising, reaching $7.42 billion from $5.54 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 12 released on Friday June 15. The dollar weakened on tepid inflation which remained at 0.2% over month in May.

CFTC Sentiment vs Exchange Rate

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Author

Dmitry Lukashov

IFC Markets

Dimtry Lukashov is the senior analyst of IFC Markets. He started his professional career in the financial market as a trader interested in stocks and obligations.

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