Global Portfolio Rebalancing May Lead to Dollar Sell-Off

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