Bank of America : Suspension of interest rate hikes should not in itself mean a weaker dollar

Bank of America said that the three periods when the Fed suspended interest rate hikes in the past (2000 -01 , 2006 -07 , 2018 -19 ) have had different effects on the dollar . But one common feature is that the dollar initially depreciates (between the last rate hike and the first unchanged rate ) , and then moves in very different directions . The Fed 's rate hike cycle ended with the dollar valuation at a high level , but the pause in rate hikes should not in itself mean a weaker dollar .