Large currency speculators have dramatically reduced their bullish bets on the Euro, with net long positions falling to 13,932 contracts as of June 9, 2026. According to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC), this represents a weekly decline of 34,934 net positions. The reduction marks the lowest levels in two months, indicating a significant shift in market sentiment toward the European currency as investors position ahead of key policy decisions.
The substantial position reduction reflects a notable change in how large speculators and hedge funds are positioning themselves in the Euro futures market. As reported by the CFTC data, these non-commercial futures contracts represent the primary trading vehicle for institutional speculators, making the shift significant for understanding broader market sentiment toward the Euro. The 34,934 contract decline represents a substantial portion of the total open interest in Euro futures, highlighting the scale of the position reduction as markets prepare for major policy developments.
The position reduction comes as markets await the European Central Bank's upcoming policy meeting, which is expected to provide crucial direction for Euro valuation. According to latest market reports, the ECB meeting represents a key catalyst for currency movements, with investors closely monitoring potential policy announcements that could influence the Euro's trajectory. The timing of the COT data release through June 9, 2026, positions it to capture market sentiment leading into this critical policy decision period.
