Speculative appetite for the euro has all but evaporated, with CFTC data showing EUR net long positions plunging from 30.2K to just 1.1K contracts as of 06 July 2026. The sharp contraction signals that investors have largely unwound their previously bullish stance on the common currency.
The move from a relatively robust net-long position to almost neutral territory suggests growing caution toward Euro Zone assets, as traders step back from directional bets on the euro. While the data does not indicate a decisive shift into net-short territory, the near-flat reading underlines heightened uncertainty and reduced conviction in further euro appreciation in the near term.
