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As for how interest rates rise will affect the US dollar, it is expected that there will not be a significant change, unless the Fed does not surprise markets with lifting with half a percentage or with a refusal to do that.
There are different possible outcomes of the meeting of the FOMC, which will determine the movement of the US dollar. Depending on the expectations and comments by Janet Yellen, the future of the greenback could largely be understood. If Yellen declares long-term pause or obscure term for subsequent lifting of interest rates, it can be expected more aggresive fall of the dollar. On the other hand, if Yellen expressed optimism about the economy and the need to tighten monetary policy, a new growth of the dollar is not excluded.
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