CFTC data show speculative traders reduced their net short positions in both euro and British pound futures. Euro net shorts narrowed to -36.4K contracts from -59.1K, while GBP net shorts improved to -£44.5K from -£54.6K. The shifts indicate easing bearish sentiment but neither currency has moved into net long territory. Traders use the weekly Commitments of Traders report to assess sentiment, while also weighing economic data, interest-rate expectations, inflation, geopolitical developments and central-bank decisions.