Euro Extended Decline for the Second Week on Policy Expectations Euro and Swiss Franc remained the weakest major currencies for the second week. Markets continued to pricing additional easing from ECB in June and such expectations were affirmed by officials comments as well as weak economic data. The forex markets were relatively mixed elsewhere though. The Japanese yen attempted to rally last week on risk aversion as stocks pulled back after hitting historical highs. However, the yen's momentum was limited by the late rebound in equities on Friday. Sterling was firstly dragged down by Euro and then additionally pressured by BoE quarterly inflation report which triggered markets to push back rate hike expectations. Canadian dollar was the strongest currency last week but it's held in familiar range against dollar only. Aussie and Kiwi were firm but was overshadowed by the yen. Full Report Here... | 
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