Fed chair Janet Yellen’s hawkish testimony to a Congressional committee on Thursday fuelled the US dollar’s rise, says Saxo Bank’s head of FX strategy John Hardy.

Expectations of an interest rate hike in December are now huge, with Yellen commenting that the move would happen “relatively soon”.

In this video, Hardy also examines levels in EURUSD and USDJPY, and raises key issues about the US bond market.

He also looks ahead to next week’s FX calendar.