The USD began falling after reports of a final Greek settlement.
According to the Financial Times, Papademos has submitted a "final draft" of the terms of the bailout to party leaders, who are set to decide on the measures later Tuesday.
There has been no other news outside a lackluster Industrial Production Report from Germany.
The USD should rebound as soon as investors have had time to evaluate. The final draft from Greece, still needs to face the EU, ECB and IMF as well as Germany for approval.
EUR/USD's decline extended further as expected as reached as low as 1.2496. The break of 1.2625 confirmed resumption of whole fall from 1.4939. Initial bias remains on the downside this week.
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