Barclays rebalancing model shows dollar sell-off at the end of May
According to online reports, Barclays strategists said that after trade tensions eased significantly this month and caused stocks to rise, global investors 'rebalancing of their portfolios may lead to more dollar selling. Barclays model forecasts show that before the end of this month, the US dollar will experience moderate selling against major currency pairs, driven by the rise of US stocks, despite the poor performance of US bonds and the US dollar.
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