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Italian Bond Auction Lifts the Euro, Fitch Lifts the Aussie

Short euro positions hit a high and the Australian dollar gets a lift - it's time for your FX Fix.

Yields at Italy's latest bond auction hit euro-era record levels, but the euro still rose and the dollar slipped. [marketwatch.com]

Net short positions on the euro hit their highest level since June 2010. [WSJ]

Companies are accelerating contingency planning, trying to be ready if the euro is dismantled. [CNBC]

The IMF warned that market fears could cause a spike in Japanese bond yields, and the yen fell against the dollar. [fxstreet.com]

Fitch upgraded Australia's long term currency rating, and the Australian dollar rose. [WSJ]

Indonesia's central bank is intervening in the market, selling dollars to stabilize the rupiah. [CNBC]

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