Speculative sentiment toward the Swiss franc has turned less bearish, according to the latest Commitments of Traders data. Figures released on 20 March 2026 show that CFTC CHF speculative net positions improved to -25.2K contracts, from a previous level of -41.1K.
The shift indicates that traders have scaled back their net short exposure to the Swiss currency, reducing downside positioning compared with the prior reading. While sentiment remains in negative territory, the move suggests waning conviction against the franc or an increased willingness to hedge potential upside moves.
Market participants will be watching upcoming macro data and central bank commentary for clues on whether this trend continues, as further short-covering could provide additional support to the CHF in global FX markets.
