• US event risk will be top of mind this week as investors ready themselves for a potentially high-impact Federal Reserve interest rate decision on Wed March 18th at 18:00. In anticipation of a more hawkish US central bank signalling that a first rate hike since 2006 is edging closer, the US dollar surged last week to its strongest trade-weighted level since June 2003. 
  
  
• Strong US labour market data suggests the Fed is now just months away from raising rates. However, Fed Chair Janet Yellen may surprise markets on Wednesday by sounding concerned about a strong dollar becoming a disruptive dollar for the US economy and US inflation. 
  
  
• Last week the US dollar soared to its best level against the euro since January 2003. Euro/US dollar has now fallen by almost 16 cents this year.