New Zealand Dollar COT Report — Net Positioning
New Zealand Dollar futures · CME · CFTC contract code 112741
Latest positioning
Week ending 8 September 2026 · added 14,253 on the week · open interest 125,978 (+18,704)
Net speculative position — last 52 weeks
The current reading sits in the 93th percentile of its 3-year range — over the past 3 years, the net position has been lower than it is now 93% of the time. A high reading means the position is crowded by its own historical standards; it is context, not a forecast.
All three cohorts
| Category | Net position | Week change |
|---|---|---|
| Large speculatorsFunds and managed money | +6,232 | +14,253 |
| CommercialsProducers, users and banks hedging physical exposure | -5,635 | -14,211 |
| Small tradersBelow the CFTC reporting threshold | -597 | — |
The three cohorts net to zero between them — every long has a short on the other side. Commercials being heavily short is normal for a produced commodity and is not a bearish view; it is a hedge against inventory they already own.
Weekly history
| Week ending | Specs net | Open interest |
|---|---|---|
| 8 Sep 2026 | +6,232 | 125,978 |
| 1 Sep 2026 | -8,021 | 107,274 |
| 25 Aug 2026 | -14,239 | 88,964 |
| 18 Aug 2026 | -32,620 | 89,153 |
| 11 Aug 2026 | -39,586 | 96,840 |
| 4 Aug 2026 | -41,203 | 101,908 |
| 28 Jul 2026 | -47,668 | 105,128 |
| 21 Jul 2026 | -49,969 | 108,800 |
| 14 Jul 2026 | -62,766 | 118,190 |
| 7 Jul 2026 | -65,189 | 113,535 |
| 30 Jun 2026 | -63,280 | 110,331 |
| 23 Jun 2026 | -54,844 | 103,297 |
| 16 Jun 2026 | -45,161 | 135,171 |
| 9 Jun 2026 | -31,571 | 149,185 |
| 2 Jun 2026 | -28,246 | 136,648 |
| 26 May 2026 | -34,179 | 91,414 |
| 19 May 2026 | -40,613 | 92,545 |
| 12 May 2026 | -39,150 | 86,227 |
| 5 May 2026 | -48,251 | 85,340 |
| 28 Apr 2026 | -46,322 | 83,529 |
| 21 Apr 2026 | -48,454 | 82,508 |
| 14 Apr 2026 | -42,276 | 80,727 |
| 7 Apr 2026 | -36,075 | 76,952 |
| 31 Mar 2026 | -28,588 | 70,805 |
| 24 Mar 2026 | -27,006 | 65,011 |
| 17 Mar 2026 | -23,057 | 64,084 |
| 10 Mar 2026 | -37,111 | 84,215 |
| 3 Mar 2026 | -34,334 | 79,462 |
| 24 Feb 2026 | -29,567 | 71,503 |
| 17 Feb 2026 | -35,013 | 73,004 |
| 10 Feb 2026 | -34,919 | 71,848 |
| 3 Feb 2026 | -34,294 | 71,304 |
| 27 Jan 2026 | -47,745 | 85,552 |
| 20 Jan 2026 | -49,610 | 92,661 |
| 13 Jan 2026 | -48,851 | 85,211 |
| 6 Jan 2026 | -43,363 | 84,556 |
| 30 Dec 2025 | -43,254 | 79,352 |
| 23 Dec 2025 | -44,034 | 82,159 |
| 16 Dec 2025 | -48,043 | 103,974 |
| 9 Dec 2025 | -56,781 | 114,432 |
| 2 Dec 2025 | -53,116 | 104,251 |
| 25 Nov 2025 | -52,071 | 107,180 |
| 18 Nov 2025 | -49,257 | 103,502 |
| 10 Nov 2025 | -44,069 | 102,883 |
| 4 Nov 2025 | -37,412 | 91,568 |
| 28 Oct 2025 | -34,966 | 88,049 |
| 21 Oct 2025 | -36,275 | 89,666 |
| 14 Oct 2025 | -29,741 | 82,509 |
| 7 Oct 2025 | -24,423 | 72,345 |
| 30 Sep 2025 | -20,625 | 68,651 |
| 23 Sep 2025 | -21,120 | 56,346 |
| 16 Sep 2025 | -18,004 | 49,146 |
Source: CFTC Commitments of Traders (Legacy, futures only) — a US government work, public domain. Positions are measured Tuesday and published the following Friday at about 15:30 ET, so this report is always at least three days behind the market. Positioning describes how traders are placed; it is not a forecast.