Investors are wondering whether a highly anticipated rate increase by the Federal Reserve this week will reignite a dollar rally. Some analysts are skeptical that fully anticipated monetary tightening will do the trick.
“The dollar has been weakening since mid-August and the rate hikes for this week and December are pretty fully priced in. Even for 2019 expectations are partly baked in,” said Eric Theoret, FX strategist at Scotiabank.
