The US Dollar has started the week slightly firmer as the markets contemplate a Federal Reserve turning more hawkish at their Federal Open Market Committee (FOMC) meeting in late March.
The possibility got legs after Cleveland Fed President Loretta Mester and St. Louis Fed President James Bullard made hawkish comments last week.
They both indicated that they would consider a 50 bp lift of the Fed funds target rate at the next meeting. While Ms Mester is on the board, she is currently a non-voting member.
