US strategists have pushed out their long-held call

The US strategists have pushed out their long-held call for the Fed hike, and now look for a September liftoff.
 
For FX, it is not expected to make much difference, and would only become a concern for USD strength if expectations for hikes are entirely removed for the rest of the year. 

"Tonight March retail sales are out and we are roughly in line with consensus in looking for a solid rebound from the weatherimpacted weakness in February. That should be seen both in the headline and control group prints (headline: RBC: 1.1% m/m, cons: 1.0%; control group: RBC/cons: 0.5% m/m)", Says RBC Capital Markets