Farm Credit: It is expected that there will be a large amount of US dollar selling by the end of this month.

The French Agricultural Credit Bank stated that its end-of-month pricing model, after weighing all regular driving factors, points to a strong sell-off of the US dollar. "Global stock markets were overall strong in April. In the foreign exchange market, the US dollar weakened overall this month. Overall, the trend in the stock market adjusted for market capitalization and this month's foreign exchange performance indicates that end-of-month portfolio rebalancing flows are likely to lead to a widespread sell-off of the US dollar, with the sell signal against the euro being the strongest." The institution believes that, all other conditions being equal, the euro is likely to further appreciate against the US dollar.