FX.co ★ Speculative Bets on Brazil’s Real Lose Momentum as CFTC Net Longs Drop to 30.8K

Speculative positioning in Brazil’s currency has cooled, with the latest CFTC data showing net long positions in the Brazilian real falling to 30.8K, down from 44.7K previously. The figures, updated on 10 July 2026, signal a notable pullback in bullish sentiment toward the BRL among leveraged funds and other speculative traders.

The decline in net long positions suggests that investors are becoming more cautious on the outlook for the Brazilian real, trimming exposure after a period of stronger optimism. While the BRL remains in net long territory, the reduction in positioning may reflect rising uncertainty around Brazil’s macroeconomic backdrop, policy trajectory, or broader global risk appetite, prompting speculators to reassess the balance of risk and reward in the currency.