Net speculative positions in the New Zealand dollar (NZD) have become less bearish, according to the latest data released on 15 May 2026. Figures for CFTC NZD speculative net positions show that the net short stance has narrowed from -48.3K contracts previously to -39.1K contracts.
The shift indicates that while traders remain net short on the kiwi, some bearish positions have been scaled back. This reduction in net shorts may signal a cautiously improving sentiment toward the New Zealand dollar, or profit-taking after an extended period of negative positioning, as market participants reassess the currency’s outlook in light of evolving global and domestic conditions.