Weak greenback promoting the sign this month-end – Barclays

Barclays’ month-end rebalancing mannequin is indicating weak greenback promoting in opposition to most main currencies, whereas remaining impartial in opposition to the euro and yen. Of be aware, US bonds and equities are the larger drivers of flows versus the Jackson Gap communication pivot final week.

“General, each US bonds and equities have registered marginal month to this point features, with the big market cap within the latter dominating our month-end mannequin and inducing a weak dollar-selling sign in opposition to most majors.”

The euro and yen are going through a extra impartial bias although, amid relative outperformance in European and Japanese bond markets serving to to offset the weak promoting strain on the greenback, in accordance with Barclays.

This text was written by Justin Low at investinglive.com.