bestplay2earncryptogames| Barclays: US dollar is expected to benefit from global fund managers rebalancing buying at the end of the month

Barclays foreign exchange strategist saidbestplay2earncryptogames, the US dollar is expected to receive strong buying interest from global fund managers 'investment portfolios at the end of the monthbestplay2earncryptogamesSupport for the first time since November.

Strategists Sheryl Dong and Erick Martinez wrote in a report on Wednesday that Barclays 'month-end rebalancing model showed strong buying signals against the dollar against most major currencies before the end of the month.

They said driving factors included cooling stock markets, rising geopolitical risks and high commodity prices.

If U.S. assets outperform, fund managers rebalancing their portfolios typically need to sell dollars to return to levels consistent with their target allocation, and if U.S. assets underperform, they need to buy dollars.

"This signal is in sharp contrast to the year-to-date trend and is the first dollar buy signal since November after the Fed's policy shift."

Strategists said that given the Nikkei's underperformance, USD-JPY buying is expected to be low.