Barclays' rebalancing model shows a dollar sell-off at the bottom of May

Barclays strategists said the rebalancing of global investors' portfolios after a significant easing of trade tensions this month and a rally in equities could lead to more dollar selling. Barclays models predict a moderate sell-off in the dollar against major currency pairs before the end of the month, driven by gains in US stocks, despite the poor performance of Treasuries and the dollar.