Aussie Overtook Euro as Weakest Currency, Sterling Gained Most In the forex markets, the Australian dollar overtook Euro as the weakest major currency last week as markets responded negatively to the budget. Aussie's weakness dragged down Kiwi too. Canadian dollar, on the other hand, was firm as data showed inflation climbed back to BoC's target. Sterling was the strongest currency after BoE minutes showed some policy makers leaned towards rate hike. Euro stayed soft as a string of economic data solidified the case for ECB to loosen monetary policies further in June. Overall, the greenback was firm except versus Sterling while the Japanese yen was mixed. In other markets, stocks staged strong rebound with S&P 500 closed above 1900 for the first time on Friday. DOW also defended the 55 days EMA again to close the week slightly higher. US yields recovered but we didn't see any sustainable momentum yet. Gold struggled in tight range around 1300 handle while crude oil extended recent rebound to 104.39. Full Report Here... | 
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