Speculative interest in the New Zealand dollar has strengthened, according to the latest Commitments of Traders (CFTC) data updated on 18 September 2026. Net speculative positions in NZD futures climbed to 10.5K contracts, up from 6.2K previously, signaling a notable increase in bullish sentiment toward the currency.
The rise in net long positions suggests that traders and money managers are positioning for further NZD resilience or appreciation. While the data do not reveal specific drivers, the shift from 6.2K to 10.5K contracts highlights growing confidence in New Zealand’s currency relative to other majors, and will be closely watched by FX strategists and investors assessing risk appetite and positioning trends in global currency markets.