FX.co ★ Speculators Trim Bearish Bets on Swiss Franc as CFTC Net Shorts Narrow Slightly

According to the latest data published on 30 January 2026, speculative positioning in the Swiss franc (CHF) has turned marginally less bearish, based on Commitments of Traders figures from the U.S. Commodity Futures Trading Commission (CFTC). Net speculative positions in CHF futures rose to -42.9K contracts from a previous -43.2K, signaling a small reduction in overall short exposure.

Although the Swiss currency remains in net short territory, the slight move toward neutrality may indicate a cautious reassessment of franc weakness among leveraged funds and other speculative traders. The modest shift suggests that, while sentiment is still tilted against the CHF, some market participants are beginning to pare back their most aggressive bearish bets.

Market observers will now be watching whether this incremental repositioning develops into a broader trend, or if it proves to be a temporary adjustment within a still predominantly negative speculative stance on the Swiss franc.