The dollar may not respond favorably to an interest rate hike by the Fed, contrary to expectations by many people on Wall Street, analyst Jim Paulsen told CNBC on Monday. "Everyone thinks the dollar's going to go higher because the Fed's going to raise rates," Paulsen said on "Squawk Box." "[There have] been five major rate hikes during recoveries by the Federal Reserve, and every one of them resulted in a lower dollar, not a higher dollar." Paulsen, chief investment strategist at Wells Capital Management, said the Fed's reason for raising rates will come from inflation expectations, now being reflected in the ... (full story)