FX.co ★ Speculators Trim Bearish NZD Bets as Net Short Positions Narrow, CFTC Data Shows

Speculators have reduced their bearish exposure to the New Zealand dollar, according to the latest data on CFTC NZD speculative net positions. The net short stance narrowed to -34.3K from a previous level of -47.7K, indicating a notable pullback in pessimism toward the currency.

The shift, based on figures updated on 06 February 2026, suggests that while traders remain net short NZD, sentiment has improved compared with the prior reading. A smaller negative position typically reflects either short-covering by bearish investors, new long positions entering the market, or a combination of both, pointing to moderating downside expectations for the New Zealand dollar.