FX.co ★ Speculators Trim Bearish NZD Bets as CFTC Net Shorts Ease to -62.8K

Net speculative positions in the New Zealand dollar became slightly less bearish in the latest reporting period, with traders trimming short exposure, according to CFTC data updated on 17 July 2026. The net position in NZD futures and options improved to -62.8K contracts from a previous -65.2K, indicating a modest reduction in pessimism toward the currency.

While the market remains firmly net short NZD, the narrowing of bearish bets may signal early signs of shifting sentiment or profit-taking after an extended period of negative positioning. Investors will now be watching incoming economic data and central bank signals from New Zealand for confirmation of whether this adjustment is a temporary positioning move or the start of a broader re-evaluation of the kiwi’s outlook.