Again, we note that the most likely scenario - is the rate increase by 0.25%. Apparently, this event is included in the dollar’s price. That means - before you make a trading decision, pay attention to Fed’s commentaries. Primarily, on the Fed’s plan in the foreseeable future. If the increased rate will be corrected in 2019, most likely that dollar will be under pressure and will be subjected to a sell-off. The issues can occur in the case of the Fed’s “positive” comments. Among other things, the concerns regarding the effect of a trade war and doubts around the feasibility of current unchanged monetary policy’s course under such circumstances. Such commentaries may launch a dollar’s sell-off. If the Fed will recognize the favorable condition of the American economy (which is) and will keep its course, the buck will be strengthened.
So, follow the Fed’s decision alongside with Central Bank’s commentaries. How to react in different cases, we have described above.