Futures markets price a Fed rate hike in December, with some contracts implying
a 50bp move. Corpay chief market strategist Karl Schamotta said a hawkish Fed is
dollar‑positive because persistently wide rate differentials appear likely to
continue supporting the currency into year‑end, but added further gains may
prove difficult. He flagged the dollar as overbought versus the euro, pound, yen
and Canadian dollar and susceptible to a final repricing shock.
