The Dollar continued to find buoyancy, even while the Euro lifted as the pressure came off Italian markets. EUR-USD settled near 1.1500 after printing a three-day high at 1.1550 earlier. The high was driven by broader Euro gains, while the move lower has been driven by broader Dollar gains. EUR-JPY, EUR-CHF and EUR-GBP lifted today, among other Euro crosses. Moody’s trimmed its rating of Italy’s sovereign bond to Baa3, which is the lowest investment grade, but this was expected while the agency maintained a stable outlook.
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