The latest data from the US Commodity Futures Trading Commission (CFTC) reveals a significant surge in speculative net positions for the New Zealand Dollar (NZD). The previous indicator had reached 3.4K before stopping, but the most recent numbers show a notable increase to 6.6K. This data was last updated on 23 February 2024, indicating a recent shift in investor sentiment towards the NZD in the forex market.
The rise in speculative net positions suggests that traders are increasingly bullish on the New Zealand Dollar, potentially driven by positive economic indicators or market factors. This development could have implications for the currency's future performance in the global market. Investors will be closely monitoring any further changes in speculative positions to gauge the outlook for the NZD in the coming weeks.
