Barclays notes that the shift in portfolios by global investors during the month could invite more dollar selling to take place this week. That as trade tensions eased significantly since April, which led to a broader rally in stocks in May.
Their month-end rebalancing model predicts that the dollar will face moderate selling against other major currencies to close out the month. The rebalancing is driven by the stronger relative performance in US stocks during May amid a poorer showing in US bonds and the dollar itself. Just something to keep in your back pocket for the days ahead.
Hence then, the article about more dollar selling to close out the month was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( More dollar selling to close out the month? )
Also on site :
- Stunning ISS Photo of Florida, Cuba Captures & 039;Moonglint& 039;
- A Shockingly Recent Year Just Cracked the Top 5 of Rock's Most Legendary Years
- Saudi-led coalition strikes Yemeni port over unauthorised weapons shipment