Last week the euro was the weakest of the major currencies and the recently beaten up sterling and yen were the strongest.   A similar pattern was also evident in the dollar-bloc. The New Zealand dollar had been the strongest and last week had was the weakest, with the Canadian dollar faring somewhat better.  The Australian dollar has been trending lower, but staged a potentially important reversal before the weekend.   The key issue facing market participants this week is whether the price action represents a correction to the recent trend or a reversal or the start of ... Read More