Crédit Agricole Predicts Strong Dollar Selling Pressure by Month-End

Gate News message, April 28 — Crédit Agricole’s month-end pricing model indicates the U.S. dollar will face strong selling pressure by the end of April. Global equity markets have performed well throughout April, while the dollar has weakened broadly in foreign exchange markets.

The bank expects that portfolio rebalancing flows at month-end will likely trigger widespread dollar selling, with particularly strong sell signals in USD/EUR. Consequently, the euro is anticipated to rise further against the dollar.