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Speculators trimmed their bearish exposure to the New Zealand dollar, with CFTC NZD speculative net positions improving from -62.8K to -50.0K contracts, according to data updated on 24 July 2026.
While positioning remains net short, the move signals a moderation in pessimism toward the New Zealand currency. The reduction in net shorts suggests some market participants may be scaling back bets against the NZD or cautiously reassessing the outlook, even as overall sentiment stays negative.
The shift in speculative positioning will be closely watched by traders looking for early signs of a potential sentiment turn in New Zealand dollar markets, particularly in the context of broader global FX trends and evolving risk appetite.
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