The USD continued to hold generally firm. EUR-USD extended Friday's losses in making a six-day low of 1.1133. This makes it the third consecutive daily lower low after logging a 10-week high at 1.1392 last Thursday. The pair has also dropped back below its 100-day moving average, which is currently sitting at 1.1230. The market is bracing for continued stalemate between Greece and its creditors following today's Eurogroup meeting. Elsewhere, the dollar bloc currencies failed to hold gains seen in early Asia-Pacific trade after China cut interest rates.
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