Euro Strong on Greek Optimism, Further Strength Ahead The financial markets were rocked by the surprised result of the bailout referendum in Greece and stock market crash in China for the earlier part of last week. Yen surged sharply on risk aversion but pared back much gains after markets stabilized. Instead, Euro ended as the strongest major currency and later developments provided optimism that Greece will finally secure a bailout agreement with its creditors. Meanwhile, the Chinese stock markets also staged a strong rebound on Thursday and Friday on the government's rescue measures. Nonetheless, the Australian dollar extended the medium term down trend and ended as the weakest major currency on deteriorating outlook of its main trading partner China. Canadian dollar followed as the second weakest as crude oil gapped down the week and stayed weak. Sterling was the third weakest thanks to rebound in EUR/GBP. Dollar ended the week mixed. Full Report Here... | 
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