The Fed raised interest rates but the US dollar fell. What is going on? Sure, the hike was fully expected via clears messages from the Fed. Calling them "thick hints" would be an understatement. However, the magnitude of the falls is quite significant. Here are 5 dollar downers, followed by open questions about why the Fed decided to act now and not later. No change to rate projections: The famous dot-plot remained unchanged in the median: 3 hikes in 2017 to 1.4% and an interest rate of 2.1% in 2018. Bringing the hike forward does not bring new hikes forward. No reassessment of economic outlook: This is something ... (full story)