The USD has continued its march higher overnight reaching levels not seen in a while . The move is being driven by a market perception of a divergence in monetary policy trajectories of the major central banks . This perception was further fueled, by comments by the head of the Reserve Bank of  New Zealand , where he described the kiwi currency as ” unjustifiable” and “unsustainable”; In AUD, reports of  inaccurate trade data fillings by Chinese companies has had a negative effect ;  In Canada, comments by the deputy governor of the Bank of Canada, Timothy Lane , where he indicated that as the US emerges from QE and moves to a more sustainable  recovery there can be divergences in monetary policy between the two countries ; In GBP, weaker Retail Sales data contributed to over night pressure . In EUR , weaker Italian retail sales data further added to the currencies woes.