We gave 5 reasons for the fall of the dollar following the rate hike. Here are two additional opinions:
Here is their view, courtesy of eFXnews:
March FOMC: Today’s Hike Is An Early June Hike; 2 More Hikes In 2017 – SEB
Following today’s Fed hike, SEB Research maintains its forecast of two more hikes in 2017 and three hikes next year.
“For the time being, we view today’s rate hike as an early June hike and expect the next hike in September followed by one more in December,” SEB argues.
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March FOMC: Not An Opening Step To A Faster Pace Of Rate Increases – Barclays
By hiking today and not steepening its median policy path, Barclays Capital views today’s decision as the FOMC taking advantage of favorable financial market conditions as opposed to an opening step to a faster pace of rate increases.
“…The Fed remains mostly focused on trends in core inflation when deciding on subsequent rate hikes,” Barclays adds.