Mitul Kotecha, Senior Emerging Market Strategist at TD Securities, made upbeat remarks on the US dollar, in light of the recent dovish FOMC.

• Dollar unlikely to come under significant pressure.

• Data outside of the US still looks pretty weak.

• Central banks globally have become increasingly dovish.

• Although the Fed is dovish, markets have priced in that sense of dovishness.

• Doesn't expect any change in policy in this week's Fed meeting.

• Even if Powell sounds more dovish, it isn't going to derail the run in the dollar.

• Difficult to short the dollar since it offers the highest carry among G10 currencies.