Barclays' rebalancing model shows that there is expected to be a sell-off of the US dollar by the end of May.

Barclays strategist said that after the significant easing of trade tensions this month leading to a rise in the stock market, global investors rebalancing their portfolios could lead to more selling of the US dollar. Barclays' model predicts that there will be a moderate selling of the US dollar against major currencies by the end of this month, driven by the rise in US stocks, despite poor performance of US bonds and the dollar.