Analysts at Barclays said in a report that investors may not sell the dollar on a large scale during the portfolio rebalancing process at the end of this month.
The bank's month-end rebalancing model suggests the dollar sell-off is expected to be more muted. High core inflation, resilient economic activity and a strong labour market supported the greenback in the first half of July. However, those gains were then fully offset as Mr. Trump kept pressing Mr. Powell to cut interest rates.
The positive momentum in US equities continued, while the performance of US Treasuries was relatively weak. Barclays measures the relative performance of foreign and US stocks and bonds to gauge potential month-end demand in the foreign exchange market, especially by investors looking to maintain currency risk hedging.
Barclays: Dollar selling pressure expected to moderate at the end of the month
2025-07-25 10:29:21
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