Net speculative positions in Brazil’s real (BRL) declined in the latest reporting period, suggesting a cooling in bullish sentiment toward the currency. According to the latest CFTC data updated on 18 September 2026, speculative net positions fell to 58.0K contracts from a previous level of 66.1K.
The reduction in net long positions indicates that traders have scaled back their exposure to the BRL, potentially reflecting increased caution over Brazil’s macroeconomic outlook or shifting expectations around interest rates and global risk appetite. While the real remains in net long territory, the pullback underscores a more measured stance among speculators after the earlier build-up in bullish positions.
