Woofun AI data shows that leveraged funds' net short positions on the New Zealand dollar rose by 1,907 contracts to reach 29,582 contracts during the week ending July 14. This figure represents the highest level recorded since 2006. The bearish positioning contrasts with recent NZD gains supported by Reserve Bank of New Zealand hawkish policies. Rising crude oil prices above $90 per barrel, fueled by U.S.-Iran tensions, raise concerns about New Zealand's trade balance and energy-importing economy.