BMO's Gallo Sees Little Impact on Dollar From Fed Hikes

The transcript discusses the strength of the US dollar, particularly in the Asian market, and the potential for a rate hike by the Federal Reserve in March. It highlights the importance of upcoming economic data releases in influencing the Fed's decision. The discussion also covers market predictions, the possibility of two or three rate hikes in 2017, and the impact of potential border tax legislation on the US dollar. The analysis suggests that minor tax code tweaks are expected, but significant reforms could lead to a stronger dollar.

What is one of the main themes discussed regarding the US dollar in the first section?

• The dollar's parity with the pound

• The dollar's strength against the euro

• The dollar's weakness in the Asian market

• The dollar's decline against the yen

What is the Federal Reserve's stance on the likelihood of a rate hike in March?

• It is certain to happen

• It depends on upcoming data releases

• It has been postponed to April

• It is unlikely to occur

What is the Federal Reserve's dilemma regarding interest rate hikes in 2017?

• Whether to implement no hikes at all

• Whether to implement two or three hikes

• Whether to hike rates every month

• Whether to decrease rates instead

What is the expected impact of border tax legislation on the US dollar?

• It will have no impact

• It will weaken the dollar

• It will strengthen the dollar

• It will cause the dollar to fluctuate

What is the base case scenario for tax reform according to the discussion?

• Minor tweaks to the existing tax code

• No changes to the tax code

• Introduction of a new tax code

• Complete overhaul of the tax code