Focus Turned Back to Policy Divergence, Sterling and Dollar Rallied The focus of the forex markets turned back to global central banks policy divergence after the Greek risk finally subsided. Sterling ended the week as the strongest major currencies as boosted by hawkish comments from BoE governor Mark Carney in two separate occasions during the week. On the other hand, dollar followed closely as Fed chair Janet Yellen sounded upbeat in her testimony to Congress. While Greece finally got the new three year bailout from Eurozone, which could be formalized as soon as during the weekend, the common currency ended as the weakest one. New Zealand dollar was the second weakest as markets are starting to pricing in another 25bps rate cut from RBNZ this week. Canadian dollar followed as BoC lowered interest rate by 25bps last week. Aussie also stayed under pressure as markets perceived that rate cut by BoC and RBNZ could force RBA's hand again. Full Report Here... | 
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