Speculative positioning in the Swiss franc showed a modest shift toward reduced bearishness, according to the latest data on CHF speculative net positions. The net short position eased from -42.9K contracts to -40.7K contracts, based on figures updated on 06 February 2026.
The move indicates that traders have slightly scaled back their negative stance on the franc, though overall positioning remains net short. This adjustment may reflect evolving expectations around Switzerland’s monetary policy outlook, safe-haven demand, or broader currency market dynamics, as investors reassess risks and relative yields in major FX pairs involving the CHF.