Long usd are down slightly, EUR short pushed up

According to the positioning of net speculators of the CFTC on April 23, 2019, the US dollar fell slightly for the second week in a row, but remains essentially consolidating.

Key Quotes

"After falling back between November and December because of more optimistic outlook for the Fed, the USD is then consolidated over a long period. Another lower leg was produced in mid-March. "

"Short positions in the euro have reached their highest level since December 2016. Short positions have tended to rise since the beginning of the year, reflecting the loss of confidence in the outlook for the euro. euro zone economy and the expectations of a more dovish ECB. "

"Not surprisingly, given the pressure on the GBP on the spot market last Tuesday, net positions have returned to negative after spending just one week above zero."

"Net short positions on the yen have continued to rise, suggesting an improvement in risk appetite."

"The CHF short films rose for a third consecutive week, in line with the trend observed since mid-January – not very different from that of the Japanese yen."

"Net denominated cuts in Canadian dollars declined after the skyrocketing of the previous week that followed the dovish headlines that accompanied the BoC policy meeting. Oil prices are also in sight. "

"Net sales in Australian dollars have further increased, reflecting the accommodating impact of inflation data on Australia's lower than expected consumer price index in Australia in the first quarter."