CFTC data released on 31 July 2026 show that speculative positioning in the Swiss franc has turned slightly less bearish, with net short positions narrowing from -34.2K to -33.5K contracts.
The modest shift suggests that traders have marginally reduced their negative exposure to the CHF, though sentiment remains predominantly bearish. The adjustment in net shorts may indicate a cautious reassessment of the franc’s outlook, possibly reflecting changing expectations around global risk sentiment or interest rate differentials, even as overall positioning continues to lean against the Swiss currency.
