Speculative sentiment toward the New Zealand dollar has turned less negative, with net short positions narrowing, according to the latest Commitments of Traders data. Figures updated on 20 March 2026 show that CFTC NZD speculative net positions improved to -23.1K from a previous reading of -37.1K.
The shift indicates that while traders remain net short on the New Zealand dollar, bearish positioning has moderated. A reduction of 14,000 contracts in net shorts suggests some investors may be scaling back expectations of further NZD weakness or taking profits on earlier downside bets. Market participants will be watching upcoming economic data and central bank signals from New Zealand for clues on whether this tentative improvement in sentiment continues.
