KONTAN.CO.ID - JAKARTA. The Fed's dovish policy does not diminish the popularity of the US dollar as a preferred currency. Analysts believe that the US dollar remains an attractive safe haven.

After The Fed raised the benchmark interest rate by 25 bps, the US dollar index briefly fell below 103. However, on March 24, the US dollar index rose to 103.16.

According to Chief Analyst DCFX Futures Lukman Leong, The Fed's decision to raise the benchmark interest rate was in line with projections. The surprising decision was The Fed's interest rate cut this year.