Barclays(US:BCS) Jin Shi Shu Ju·2026-02-03 09:06Group 1 - The core viewpoint of the articles indicates that despite a recent rebound attempt by the US dollar, its status as a safe-haven asset is not strengthening, particularly in the context of resilient economic performance and persistent inflation in the US [1][2]. - The Bloomberg Dollar Index recorded its largest two-day gain since April, driven by unexpectedly strong US factory data, which helped the dollar recover from a near four-year low reached last month, where it had declined approximately 1.3% [1]. - Jayati Bharadwaj from TD Securities predicts that the dollar will likely continue its recent rebound, with an expected increase of 2% in February, contrasting with the bearish sentiment that has suppressed the dollar's strength over the past month [1]. Group 2 - Bharadwaj suggests that all negative factors affecting the dollar will eventually manifest, recommending clients to take advantage of the dollar's rebound to establish short positions while going long on currencies like the euro, Australian dollar, British pound, and Swedish krona [2]. - Barclays Bank believes that the dollar's decline in January reflects ongoing weakness, as investor confidence in this global reserve currency has diminished to some extent [2]. - Analysts from Barclays note that the current dollar weakness occurs against a backdrop of significant resilience in the US economy, indicating a rise in risk pricing for the dollar and a growing skepticism about its reliability as a trade partner [2]. Group 3 - Concerns about potential disruptive changes in US trade policy persist, despite President Trump's announcement of a new trade agreement with India aimed at reducing tariffs on imports from India [3]. - DataTrek's Nicholas Colas highlights that the average decline of the dollar last month exceeded the monthly average for 2025, with the trend of dollar weakness against nearly all major currencies continuing into early 2026 [3].