USD: Bullish Following Fed. Neutral. We previously saw USD beginning to rally again in the new year. Following the hawkish Fed meeting, we are bringing forward that expected strength and expect USD to rally in line with the themes we have been discussing. The revising up of the 2017 dots and the neutral rate, along with Yellen's pushback on her support for an overheating economy, are all hawkish signs and more reason for the rates market to reprice higher. Next year, major policy initiatives as a result of the US election are likely to be USD positive, including fiscal stimulus, risk of protectionism and corporate ... (full story)