Western Union notes in a report on Tuesday:
- The U.S. dollar marched to new 11-year highs against a currency basket, still basking in the afterglow of last week's strong employment report.
- The next key tests of the dollar's strength will come from late week reports on the U.S. consumer and a Fed announcement on March 18.
- Any shift in the Fed's statement that should pave the way to an eventual rate hike would help keep the dollar biased higher.