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The bar has been raised for USD rallies: Hardy

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The dollar has rallied hard after US Federal Reserve Chair Janet Yellen on Friday said the Fed could hike rates if the economy and labour market continues to improve. Saxo Bank’s John Hardy looks at incoming data this week, which could see the greenback go higher.

Among the data points to watch out for are PCE inflation data out on Tuesday, the ISM manufacturing report on Wednesday and the monthly US jobs data due on Friday.