The Dollar saw moderate firming during the London AM session, led by a flip higher in USD-TRY, which rose back above 6.000 as markets digested Friday’s after-hours rating downgrade announcements by S&P and Moody’s, though the Lira remained above the lows it saw on Friday. EUR-USD ebbed to a low of 1.1403 after opening in New Zealand near 1.1435-36. The Greenback also made modest advances on Sterling and the Dollar bloc currencies, while USD-JPY treaded in sideway paths above 110.50. Market participants are looking ahead to potential market moving events this week.
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