The Global Portfolio Rebalancing May Lead to Dollar Sales

According to Odaily, Barclays strategists have indicated that the recent easing of trade tensions, which has led to a rise in stock markets, may encourage global investors to rebalance their portfolios, potentially resulting in additional dollar sales. Barclays' model forecasts suggest that by the end of the month, the dollar could experience moderate selling against major currencies, driven by the rise in U.S. stocks, despite the underperformance of U.S. bonds and the dollar.