Svmuu News: Crédit Agricole stated that after weighing all conventional drivers, its month-end pricing model points to a strong sell-off for the US dollar. "Global stock markets were generally stronger in April. In the forex market, the US dollar overall weakened this month. Overall, the movement in equities—adjusted for market cap and this month's forex performance—suggests that month-end portfolio rebalancing flows are highly likely to result in a broad-based and strong sell-off of the US dollar, with the sell signal against the euro being the strongest." The institution believes that, all else being equal, EUR/USD has scope to move higher. (Jin10)