Barclays: Model shows strong dollar selling will continue into month-end

Gelonghui, May 24 | Barclays analysts Erick Martinez and Sheryl Dong pointed out in a report that Barclays\’ rebalancing model shows that the U.S. dollar will see a broad and strong sell-off against all major currencies at the end of the month.

Gelonghui, May 24 | Barclays analysts Erick Martinez and Sheryl Dong pointed out in a report that Barclays\’ rebalancing model shows that the U.S. dollar will see a broad and strong sell-off against all major currencies at the end of the month.
Weaker U.S. data pushed stocks and bonds higher in May. That could prompt investors to sell the dollar.
Analysts say our Sentiment Index shows bullish dollar sentiment may have peaked but remains elevated, which could amplify dollar sell-offs next week amid limited data flow.

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