Citigroup analysts recommend that investors do not expect that the Fed will attempt to push the dollar up. Even if the Fed will raise rates before the end of the year, there is no reason to believe that the USD will rise - by AMarkets materials.
Most likely, the main trigger for the dollar will not be actions of the US Federal Reserve, and the expectations of economic growth. Nor should we expect that the regulator will support the USD in the pre-election period (until November). In the coming months to December the dollar will continue to grow very, very modest pace - summarizes Citi. The index of "economic surprises" from Citi - Economic Surprise Index (measures how the results have not lived up to expectations or bypassed) - recently increased to a maximum in December 2014 on strong manufacturing data segment and peyrols.
Bloomberg Dollar Spot Index Index that assesses the dynamics of USD against a basket of 10 key currencies, was up 0.8% last week. Hedge funds have increased the number of long positions that benefit from the growth of USD 111931 to the contract, as of July 19th. This indicator was absolutely bearish until quite recently - on 17 May.