Speculative investors have increased their bearish exposure to the Swiss franc, according to the latest Commitments of Traders data released by the CFTC on 15 May 2026. Net positions in CHF derivatives moved further into negative territory, with speculative net shorts widening from -34.5K to -36.2K contracts.
The shift indicates that market participants have grown more pessimistic on the Swiss currency compared with the previous reporting period, adding to an already notable net short stance. While the data does not provide the underlying drivers, the larger negative position underscores a strengthening consensus among speculators that the franc may face continued pressure in the near term.