法农信贷：预计本月底将出现大量美元抛售

Crédit Agricole stated that its month-end pricing model, after weighing all conventional drivers, points to a strong sell-off for the U.S. dollar. "Global stock markets generally strengthened in April. In the foreign exchange market, the dollar weakened overall this month. Overall, the stock market performance—adjusted for market capitalization and this month's forex movements—suggests that month-end portfolio rebalancing flows are likely to lead to a widespread sell-off in the dollar, with the strongest sell signal being against the euro." The institution believes that, all else being equal, the euro is expected to rise further against the dollar. (Jin Shi)