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Speculators increased their bearish bets on the New Zealand dollar, according to the latest Commitments of Traders data from the CFTC updated on 06 November 2026. Net speculative positions in NZD futures declined further to -60.0K, compared with -57.7K previously, signaling a growing short bias among market participants.
The widening negative position suggests that traders are becoming more cautious—or outright pessimistic—on the kiwi’s near‑term prospects. While the data do not reveal the underlying drivers, the larger net short stance underscores heightened expectations of relative underperformance for the New Zealand dollar in global currency markets.
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