Guys of sanctions against China will cause a "butterfly effect" and FED will not raise rates.
Why a Fed rate hike is unlikely to reignite the US dollar rally
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. The dollar, measured by the popular ICE U.S. Dollar Index DXY, +0.04% is up 2.3% in the year to date, but has dropped 1% over the past month, according to FactSet. The buck’s drivers ... (full story)