Lates News

Barclays says that the US stock market has reached record highs, along with the strong performance of US Treasury bonds, meaning that global fund managers will have to sell off the US dollar when rebalancing their portfolios at the end of the quarter. The bank's model predicts a large amount of selling of the US dollar against major currencies before the end of the quarter, mainly due to the strong performance of US stocks and bonds. If US assets outperform, fund managers will sell US dollars to return to their target allocations; if US assets underperform, they will buy US dollars (assuming they maintain their hedges).